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What is the profit margin for the store

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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:

Sales $637000000
Net Income $39000000
Total Assets $444000000
Total debt $387000000

Problem 1: What is the profit margin for the store? (in %) (round 2 decimal places)

Reference no: EM132636834

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