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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 $190. Its balance sheet also showed total assets at the beginning of the year of $24,000 and total assets at the end of the year of $16,000 Calculate the asset turnover and return on assets. (Round answers to 2 decimal places, eg. 6.25 or 17.54%) Asset turnover times Return on assets % e Textbook and Media Save for Later Attempts: 1 of 2 used Submit

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