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Problem 3 - 2 1 Profit Margin [ LO 4 ] In response to complaints about high prices, a grocery chain runs the following advertising

Problem 3-21 Profit Margin [LO4]
In response to complaints about high prices, a grocery chain runs the following advertising campaign: "If you pay your child $2 to go
buy $40 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 profit margin for the child as a percentage of what they spend and the profit margin for the store?
Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.
b. 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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