Suppose during 2025 that Federal Express reported the following information (in millions): net sales of $87,500 and net income of $195. Its balance sheet also showed total assets at the beginning of the year of $29,000 and total assets at the end of the year of $21,000. Calculate the asset turnover and return on assets. (Round answers to 2 decimal places, e.g. 6.25 or 6.25%.) Asset turnover times Return on assets %
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