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What is the profit margin for child and store

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Reference no: EM133179075

Question - In response to complaints about high prices, a grocery chain runs the following advertising campaign: "If you pay your child $1.50 to go buy $50 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 $680.0

Net income 10.2

Total assets 380.0

Total debt 270.0

Required -

a. What is the profit margin for child and store?

b. What is the store's ROE?

Reference no: EM133179075

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