Solution-Calculate the asset turnover and return on assets

Calculate the asset turnover and return on assets

Reference no: EM132819302

Problem - Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $35,497 and net income of $98. Its balance sheet also showed total assets at the beginning of the year of $25,633 and total assets at the end of the year of $24,244. Calculate the (a) asset turnover and (b) return on assets.

Reference no: EM132819302

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Calculate the asset turnover and return on assets

Reference no: EM132819302

Reference no: EM132819302

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