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Profit Margin In response to complaints about high prices, a grocery chain runs the following advertising campaign: If you pay a child $1.50 to go
Profit Margin In response to complaints about high prices, a grocery chain runs the following advertising campaign: "If you pay a child $1.50 to go buy $50 worth of groceries, then you child makes twice as much on the trip as we do." You've collected the following information from the grocery chain's financial statements: Sales $710 Net Income 10.65 Total assets 390 Total debt 280 Evaluate the grocery chain's claim. What is the basis for this statement? Is this claim misleading? Why or why not?
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