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. Using your answers to MBA 1-6, compare the return on assets for Walmart to that of Tiffany.