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%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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%
Transcribed Image Text: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%
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