Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

تمرين 67

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

a. Compute the ratio of sales to assets. Round to two decimal places.
b. Tiffany Co. is a large North American retailer of jewelry, with a ratio of sales to assets of 0.92. Why would Tiffany's ratio of sales to assets be lower than that of Kroger