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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:

(in millions)
Sales $ 760.00
Net income 11.75
Total assets 335.00
Total debt 154.00
  1. What is the childs profit margin?

    Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

  2. What is the stores profit margin?

    Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

  3. What is the store's ROE?

    Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

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