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Suppose during 2022 that Federal Express reported the following information (in millions): net sales of...

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Accounting

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Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,200 and net income of $84. Its balance sheet also showed total assets at the beginning of the year of $24,540 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 times Return on assets % e Textbook and Media

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