ta from the financial statements of Kroger King and SuperDeal Inc. are presented below (in millions): Kroger King SuperDeal Inc. Total liabilities, 2019 $18,261 $13,549 Total liabilities, 2018 18,052 15,023 Total assets, 2019 23,093 16,436 Total assets, 2018 23,257 17,604 Net sales, 2019 76,733 40,851 Net income, 2019 70 883 To the nearest hundredth of a percent, what is the 2019 profit margin for SuperDeal, Inc.? Select one: a. 2.39% b. 2.90% c. 2.16% d. Not enough information is provided
ta from the financial statements of Kroger King and SuperDeal Inc. are presented below (in millions): Kroger King SuperDeal Inc. Total liabilities, 2019 $18,261 $13,549 Total liabilities, 2018 18,052 15,023 Total assets, 2019 23,093 16,436 Total assets, 2018 23,257 17,604 Net sales, 2019 76,733 40,851 Net income, 2019 70 883 To the nearest hundredth of a percent, what is the 2019 profit margin for SuperDeal, Inc.? Select one: a. 2.39% b. 2.90% c. 2.16% d. Not enough information is provided
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 54CE
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Data from the financial statements of Kroger King and SuperDeal Inc. are presented below (in millions):
Kroger King | SuperDeal Inc. | |
---|---|---|
Total liabilities, 2019 | $18,261 | $13,549 |
Total liabilities, 2018 | 18,052 | 15,023 |
Total assets, 2019 | 23,093 | 16,436 |
Total assets, 2018 | 23,257 | 17,604 |
Net sales, 2019 | 76,733 | 40,851 |
Net income, 2019 | 70 | 883 |
To the nearest hundredth of a percent, what is the 2019 profit margin for SuperDeal, Inc.?
Select one:
a. 2.39%
b. 2.90%
c. 2.16%
d. Not enough information is provided
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