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

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
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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