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 $9 to go buy $60 worth of groceries, then your chid 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 $540.0 Net income 40.5 Total assets 520.0 Total debt 390.0 What is the profit margin for child as a percentage of what they spend and the profit margin for the store? (Do not round Intermediate calculations. Enter your answers as a porcent rounded to 2 decimal places, e.g. 32.16.) Profit margin Child Store % % 10:57 AM Assignment Print View What is the store's ROE? (Do not round Intermediate calculations. Enter your answer as a percer rounded to 2 decimal places, 0.9.32.16.) ROE % T. 02.03 2016 OC CS-40299 References Worksheet Difficulty: Intermediate Section: 3.3 Ratio Analysis Problem 3-21 Profit Learning Objective: 03-04 Margin (L04 Some of the problems and pitfalls in financial statement analysis