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In response to complaints about high prices, a grocery chain runs the following advertising campaign: If you pay your child $3 to go buy $60
In response to complaints about high prices, a grocery chain runs the following advertising campaign: If you pay your child $3 to go buy $60 worth of groceries, then your child makes twice as much on the trip as we do. Youve collected the following information from the grocery chains financial statements: |
(millions) | |||
Sales | $ | 660.0 | |
Net income | 16.5 | ||
Total assets | 360.0 | ||
Total debt | 230.0 | ||
What is the profit margin for child and store? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
Profit margin | |
Child | % |
Store | % |
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