How do I solve this? 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$13,549Total liabilities, 201818,05215,023Total assets, 201923,09316,436Total assets, 201823,25717,604Revenue, 201980,73340,851Net income, 2019520393To the nearest hundredth of a percent, what is the 2019 profit margin for Kroger King?Select one:a. 0.38%b. 0.64%c. Not enough information providedd. 0.30%

Profit margin = Net income * 100/Revenue

Answered: profit margin

Business

Accounting

profit margin

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 Revenue, 2019 80,733 40,851 Net income, 2019 520 393 To the nearest hundredth of a percent, what is the 2019 profit margin for Kroger King? Select one: a. 0.30% b. 0.64% c. Not enough information provided d. 0.38%
Data from the financial statements of Kroger King and SuperDeal, Inc., are presented below (in millions): Kroger King SuperDeal, Inc. Total liabilities, 2019 $20,261 $13,549 Total liabilities, 2018 18,052 15,023 Total assets, 2019 25,093 16,436 Total assets, 2018 23,257 17,604 Revenue, 2019 76,733 40,851 Net income, 2019 70 393 To the nearest hundredth, what is the 2019 debt-to-total-assets ratio for SuperDeal, Inc.? Select one: a. 4.96 b. 0.21 c. 0.79 d. 4.69
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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Some selected financial statement items belonging to PXR Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Receivables 18,500 Total Assets in 2021 130,000 Current Liabilities 42,000 Total Assets in 2020 110,000 Profit before Tax 18,000 Tax 3,000 Select one: a. 0.125 b. 0.150 c. 0.205 d. 0.137
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Some selected financial statement items belonging to PXR Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Receivables 18,500 Total Assets 120,000 Current Liabilities 42,000 total liabilities 75,000 Profit after Tax 15,000 Select one: a. The correct answer not available b. 0.205 c. 0.137 d. 0.150 e. 0.125
Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M CompanyBalance Sheets (partial) 2020 2019Current assets Cash and cash equivalents $3,180 $1,836Accounts receivable, net 3,600 3,180Inventories 2,738 3,019Other current assets 1,932 1,590Total current assets $11,450 $9,625Current liabilities $4,830 $5,887 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25 : 1. Enter working capital answers to million.) Current ratio 2019 :12020 :1 Working capital 2019 $ million2020 $ million Link to Text