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Real World FAI EX 6-32 Asset turnover OBJ.5 Kroger Co., a national supermarket chain, reported the following data (in millions) in its financial statements for

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Real World FAI EX 6-32 Asset turnover OBJ.5 Kroger Co., a national supermarket chain, reported the following data (in millions) in its financial statements for a recent year: Total revenue $108,465 Total assets at end of year 30,556 Total assets at beginning of year 29,281 a. Compute the asset turnover. Round to two decimal places. Tiffany & Co. is a large North American retailer of jewelry with an asset tumover of 0.86. Why would Tiffany's asset turnover be lower than that of Kroger? b

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