Question 20

In response to complaints about high prices, a grocery chain runs the following advertising campaign: If you pay your child $6 to go buy $50 worth of groceries, then your child makes twice as much on the trip as we do. Youve collected the following information from the grocery chains financial statements:

(millions)
Sales	$	507
Net income		38
Total assets		422
Total debt		339

What is the ROE for the store? (In %)

(Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 4 decimal places. For example, 1.23456 should be entered as 1.2346)