Problem 3-21 Profit Margin (L04] 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: (in millions) Sales $ 660.0 Net income 16.5 Total assets 420.0 Total debt 290.0 a. What is the profit margin for the child as a percentage of what they spend and the profit margin for the store? (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? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. % a. Child's profit margin a. Store's profit margin b. Store's ROE % %