Kroger's 2016 financial statements show net operating profit after tax of $2,286 million, net income of $1,975 million, sales of $115,337 million, and average net operating assets of $18,616 million. Kroger's net operating asset turnover for the year is: A. 12.3% B. 8.11 C. 6.20 D. 10.9% E. There is not enough information to calculate the ratio.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Kroger's 2016 financial statements show net operating profit after tax of $2,286 million, net income of $1,975 million, sales of $115,337 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Assume the Residential Division of Kipper Faucets had the following results last year Net sales revenue Operating income Average total assets Management's target rate of return What is the division's ROI? $ 18,700,000 7,480,000 5,500,000 18% A.
Answers (1)
According to the Census Bureau, in October 2016, the average house price in the United States was $27,258. 6 years earlier, the average price was $20,608. What was the annual increase in the price of the average house sold?
Answers (1)
Which of the following is not a major purpose served by the continual and proper use of the IT governance committee and the SDLC? A. The fulfillment of ethical obligations B. The strategic management process of the organization C.
Answers (1)
The company estimates future uncollectible accounts. The company determines $5,300 of accounts receivable on January 31 are past due, and 35% of these accounts are estimated to be uncollectible.
Answers (1)
You want to purchase a new condominium that costs $287,500. You plan is to pay 25 percent down in cash and finance the balance over 25 years at 3.75 percent. What will be your monthly mortgage payment including principal and interest? A) $1,568.
Answers (1)
New Questions in Business
Which of the following costs are not included in finished goods inventory?
Answers (1)
Give two examples of mandatory payroll deductions
Answers (1)
Identify an advertisement or commercial that targets only one of the generational groups. Describe the promotion in detail and identify the intended group.
Answers (1)
From the Farm Fruits, a company that produces and distributes organic fruits for grocery stores, wants to market its fruits in such a way that children will beg their parents to buy them.
Answers (1)
For a given constant required rate of return, the greatest portion of a preferred stockholder's return comes from increases in the price of preferred stock. a. True b. False
Answers (1)