Asset Turnover Kroger Co., a national supermarket chain, reported the following data in its financial statements for a recent year: Total revenue Total assets at end of year Total assets at beginning of year $4,743,000 1,560,000 1,500,000 a. Compute the asset turnover. Round to one decimal place. b. Tiffany & Co. is a large North American retailer of jewelry with an asset turnover of 0.86. Which of the following is NOT true?