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Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615 Exercise 40
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
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
Explanation
Verified
Verified
a.
Ratio of Sales to assets measures ho...
Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
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