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Compute the ratio of net sales to assets

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Problem - Ratio of net sales to assets

Kroger, a national supermarket chain, reported the following data (in millions) in its financial statements for the year ended January 31, 2009:

Total revenue $76,000

Total assets at end of year 23,211

Total assets at beginning of year 22,299

Required -

a. Compute the ratio of net sales to assets for 2009. Round to two decimal places.

b. Tiffany & Co. is a large North American retailer of jewelry, with a ratio of net sales to assets of 0.95. Why would Tiffany's ratio of net sales to assets be lower than that of Kroger?

Reference no: EM132680322

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