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In response to complaints about high prices, a grocery chain runs the following advertising campaign: If you pay your child $5 to go buy $50
In response to complaints about high prices, a grocery chain runs the following advertising campaign: "If you pay your child $5 to go buy $50 worth of groceries, then your child makes twice as much on the trip as we do." You've collected the following information from the grocery chain's financial statements: (millions) Sales $570.0 Net income 28.5 Total assets 470.0 Total debt 340.0 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.) Child Store Profit margin 10 % % What is the store's ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE %
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