eBook Return on assets Tiffany & Co. (TIF) designs and sells Jewelry including rings, watches, and necklaces throughout the world. The following data (in millions) were taken from recent financial statement of Tiffany Niet income $ 370 Totalsts at the beginning of the year 5,098 Totalt at the end of the year 5,465 1. Compute the return on assets for Tiffany using the preceding data. Round to one decimal place. 2. Assume Wat's return on assets is 5.29 Complete the statements below regarding the comparison of the return on for Wort to that of any Tany's retsimon assets higher than Walmart's return on assets. This reflects Tiffany's strategy and marks. In contrast, Walmart operates in a highly competitive market with a low. straling that allows it to its products at higher prices