Tiffany & Co. (TIF) designs and sells jewelry including rings, watches, and necklaces throughout the world. The
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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.
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