Read the Case Study (the Blue Nile and Diamond Retailing: p98-101) in Chapter 4 and answer the two questions below. 1. Calculate the following financial performance measure (below table) using the given information in Table 4-13 and compare those dimensions. Profit Margin Asset Turnover SG$A (% of Revenue) APT ART INVT PPET Blue Nile Zales Tiffany C2C (Weeks) 2. What do you think of Tiffany's decision not to sell engagement rings online? TABLE 4-13 Select Financial Data for Blue Nile, Inc., Zale Corporation, and Tiffany & Co. (in millions of dollars) for 2012 Blue Nile Zales Tiffany Net sales 400.0 1,888.0 3,794.2 Cost of sales 325.0 903.6 1,631.0 Gross profit 75.1 984.4 2,163.2 Selling, general, 62.8 916.3 1,466.1 and administrative expenses Operating income 12.3 35.1 697.2 Net income 8.4 10.0 416.1 Cash and cash 87.0 17.1 504.8 r equivalents Net receivables 3.5 - 174.0 Inventories 33.3 767.5 2,234.3 " Total current 125.9 837.2 3,151.6 L assets Property and 7.9 108.9 818.8 equipment Other assets 12.1 241.2 660.4 Total assets 145.9 1,187.3 t 4,630.9 Accounts payable 116.2 220.6 295.4 Stockholder equity 14.1 185.3 2,611.3