How might a jewelry store and a grocery store differ in terms of asset turnover and profit margin Would you expect their return on total assets to differ assuming equal business risk Discuss ...

In general jewelry stores have very high profit margins but low asset tur ...

How might a jewelry store and a grocery store differ in terms of asset turnover and profit

Question:

How might a jewelry store and a grocery store differ in terms of and profit margin? Would you expect their return on total assets to differ assuming equal business risk? Discuss.

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.