ACC 501 (ACC 501)

QUESTION 1 Correct 4.00 points out of 4.00 Kroger's 2016 financial statements show net operating profit after tax of 2,286 million, net income of $1,975 million, sales of $115,337 million, and average net operating assets of 18,616 million. Kroger's net operating asset turnover for the year is: Select one: A. 12.3% B. 8.11 C. 6.20 D. 10.9% E. There is not enough information to calculate the ratio. Rationale: Net operating asset turnover = Sales / Average net operating assets = $11...

ACC501:80-Financial Accounting and Analysis / Final Exam Started on Thursday, October 12, 2017, 8:18 PM State Finished Completed on Thursday, October 12, 2017, 11:11 PM Time taken 2 hours 53 min s Grade 208.00 out of 250.00 (83%) QUESTION 1 Correct 4.00 points out of 4.00 Kroger's 2016 financial statements show net operating profit after tax of 2,286 million, net income of $1,975 million, sales of $115,337 million, and average net operating assets of 18,616 million. Kroger's net operating asse...