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Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159 Exercise 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
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 how ...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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