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?
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