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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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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?
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