Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 16 Feb 2018 My Price 7.00

grocery chain

Question 19

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.” You’ve collected the following information from the grocery chain’s financial statements:

(millions)
  Sales $ 637  
  Net income   39  
  Total assets   444  
  Total debt   387  
 

What is the profit margin 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)

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Feb 2018 04:02 PM My Price 7.00

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