Kroger, Inc., one of the nations largest grocery retailers, reported the following information (adapted) for its fiscal

Question:

Kroger, Inc., one of the nation€™s largest grocery retailers, reported the following information (adapted) for its fiscal year ended January 31, 2011:

Requirements
1. Compute profit margin for the year ended January 31, 2011.
2. Compute asset turnover for the year ended January 31, 2011.
3. Compute return on assets for the year ended January 31,2011.

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.