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In response to complaints about high prices, a grocery chain runs the following advertising campaign: If you pay your child $1 to go buy $32
In response to complaints about high prices, a grocery chain runs the following advertising campaign: If you pay your child $1 to go buy $32 worth of groceries, then your child makes about twice as much on the trip as we do. Youve collected the following information from the grocery chains financial statements: |
(millions) | ||
Sales | $ | 764.00 |
Net income | 11.95 | |
Total assets | 345.00 | |
Total debt | 155.00 | |
A. What is the childs profit margin?
B. What is the stores profit margin?
C. What is the store's ROE?
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