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Category > Accounting Posted 18 May 2017 My Price 5.00

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

Ratio of net sales to assets

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

Total revenue

$82,189

Total assets at end of year

23,505

Total assets at beginning of year

23,126
  1. Compute the ratio of net sales to assets. Round to two decimal places.
  2. Tiffany & Co. is a large North American retailer of jewelry, with a ratio of net sales to assets of 0.85. Why would Tiffany’s ratio of net sales to assets be lower than that of Kroger?

Answers

Alpha Geek
(8)
Status NEW Posted 18 May 2017 07:05 AM My Price 5.00

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Attachments

file 1495093255-Answer.docx preview (120 words )
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