Question
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 |
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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.
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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.
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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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