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Data from the financial statements of Kroger King and SuperDeal Inc. are presented below (in millions): Kroger King SuperDeal Inc. Total liabilities, Year 2 $18,261
Data from the financial statements of Kroger King and SuperDeal Inc. are presented below (in millions):
Kroger King | SuperDeal Inc. | |
---|---|---|
Total liabilities, Year 2 | $18,261 | $13,549 |
Total liabilities, Year 1 | 18,052 | 15,023 |
Total assets, Year 2 | 23,093 | 16,436 |
Total assets, Year 1 | 23,257 | 17,604 |
Net sales, Year 2 | 76,733 | 40,851 |
Net income, Year 2 | 70 | 883 |
To the nearest hundredth of a percent, what is the Year 2 profit margin for SuperDeal, Inc.?
Select one:
a. Not enough information is provided
b. 2.16%
c. 2.90%
d. 2.39%
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