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Calculate asset turnover ratio and return on assets ratio

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Question - During 2018 Federal Express reported the following information (in millions): net sales of $24,710 and net income of $838. Its balance sheet also showed total assets at the beginning of the year of $15,385 and total assets at the end of the year of $19,134. Calculate the (a) asset turnover ratio and (b) return on assets ratio.

Reference no: EM133066247

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