kroger a national supermarket chain reported the following data in millions in its f 541783
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:
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kroger a national supermarket chain reported the following data in millions in its f 541783
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|
Total revenue |
$82,189 |
|
Total assets at end of year |
23,505 |
|
Total assets at beginning of year |
23,126 |
- Compute the ratio of net sales to assets. Round to two decimal places.
- 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?
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