Asset Turnover Kroger Co., a national supermarket chain, reported the following data in its financial statements for a recent year: Total revenue $5,320,000 1,550,000 Total assets at end of year Total assets at beginning of 1,490,000 year 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? Tiffany sells jewelry using a much shorter operating cycle than Kroger uses selling groceries.