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Calculate the asset turnover and return on assets

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Question - Suppose during 2014 that Federal Express reported the following information (in millions): net sales of $34,143 and net income of $94. Its balance sheet also showed total assets at the beginning of the year of $26,220 and total assets at the end of the year of $24,770.

Calculate the asset turnover and return on assets.

Reference no: EM132068029

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