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Kroger's financial statements show net operating profit after tax of $1,799 million, net income of $1,497 million, sales of $96,751 million, and average net operating assets of $11,529 million. Kroger's net operating asset turnover for the year is: 1.9% B)11.9% C) 8.11 D)8.39

Kroger's financial statements show net operating profit after tax of $1,799 million, net income of $1,497 million, sales of $96,751 million, and average net operating assets of $11,529 million. Kroger's net operating asset turnover for the year is: 1.9% B)11.9% C) 8.11 D)8.39

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kroger's financial statements show net operating profit after tax of $1,799 million, net income of $1,497 million, sales of $96,751 million, and average net operating assets of $11,529 million. Kroger's net operating asset turnover for the year is: 1.9% B)11.9% C) 8.11 D)8.39
Transcribed Image Text:Kroger's financial statements show net operating profit after tax of $1,799 million, net income of $1,497 million, sales of $96,751 million, and average net operating assets of $11,529 million. Kroger's net operating asset turnover for the year is: 1.9% B)11.9% C) 8.11 D)8.39
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