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In response to complaints about high prices, a grocery chain runs the following advertising campaign: If you pay your child $1.25 to go buy $50
In response to complaints about high prices, a grocery chain runs the following advertising campaign: "If you pay your child $1.25 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: a. What is the child's profit margin? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 1 decimal place, e.g., 32.1. b. What is the store's profit margin? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. c. What is the 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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