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 statements of Tiffany: Net income $370 Total assets at the beginning of the year 5,098 Total assets at the end of the year 5,468 1. Compute the return on assets for Tiffany using the preceding data. Round to one decimal place. % 2. Assume WalMart's return on assets is 5.2%. Complete the statements below regarding the comparison of the return on assets for WalMart to that of Tiffany. Tiffany's return on assets is reflects Tiffany's Walmart's return on assets. This that allows it to sells its products at prices and markups. In contrast, WalMart operates in a highly competitive market with a Check My Work Previous All work save Email Instructor Save and Exit Submit Assignment for Grading