3.Compute Asset Turnover for each company listed below Asser Turmover -Sales Revenue/Total Assets in mil TIF WMT ear Ended Revenue Total Assets Asset Turnover /31/2011 $ 3,085| $ 3,736| S 421,849 $ 180,6632,3 12/31/2010 128,954 S 164.687 0.7 The asset turnover ratios computed above are in (TIF / wMT / F) has the strongest asset by generating a large volume of revenue using relatively few assets. b. . the range (less than 3 /3 or more). turnover, indicating the company makes profits Wal-Mart generates dollars in revenue for every S1 invested in assets. 4. Compute Return on Assets (ROA) for each company ROA Net Income/Total Assets (S in millions) Year Ended Net Income Total Assets 368 3,736 1/31/2011 is 16,389 Is Igo,663 12/31/2010 IS 6.561|$ 167,687 ROA TIF WMT 1/31/2011 S 5. For each company below, compute ROA by multiplying the two components, Return on Sales and Asset Turnover (previously computed). ROA = ROS x Asset To (S in millions) Year Ended ROS x TIF WMT Asset Turnover - ROA 1/31/2011 | ,0// o,O 3/2011 0033 12/31/2010lo,ds The corporation with the strongest overall measure of profitability is (TIF/ WMT / F) with an ROA of- % indicating that for each dollar invested in assets, the c. company generates, on average,cents in profits The corporation with the weakest ROA is (TIF/WMT/F). Wal-Mart has a (high/ low) ROS and a (high/low) Asset Turnover, indicating that a (low- cost / product-differentiation) strategy is used, whereas Tiffany & Co has a (high/ low) ROS and a (high / low) Asset Turnover, indicating that a low-cost/ product- differentiation) strategy is used. Ford Motor Company has (high / low) ROS and (high 6. low) Asset Turnover, indicating that it is (doing well/ still recovering)