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11 January, 10:32

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.

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  1. 11 January, 11:00
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    Correct option is C 6.20

    Explanation:

    Sales / Average net operating average

    = $115,337 / $18,616

    =6.20
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