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Calculate the asset turnover and return on assets

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Question - Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $35,000 and net income of $80. Its balance sheet also showed total assets at the beginning of the year of $24,700 and total assets at the end of the year of $23,300. Calculate the asset turnover and return on assets?

Reference no: EM133166429

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