Kroger, a national supermarket chain, reported the following data (in millions) in its financial statements for 2007:

Total revenue                                         $66,111

Total assets at end of year                     21,215

Total assets at beginning of year          20,482

a. Compute the ratio of net sales to assets for 2007. Round to two decimal places.

b. Would you expect the ratio of net sales to assets for Kroger to be similar to or different from that of Tiffany & Co.? Tiffany is the large North American retailer of jewelry, with a ratio of net sales to average total assets of 0.94.