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Business, 14.04.2020 16:17 potato3999

Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,600 and net income of $92. Its balance sheet also showed total assets at the beginning of the year of $24,620 and total assets at the end of the year of $23,300. Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, e. g. 6.25 and return on assets to 1 decimal place, e. g. 17.5%.) Asset turnover enter the asset turnover rounded to 2 decimal places times Return on assets enter the return on assets in percentages rounded to 2 decimal places %

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