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Analyze and compare FedEx and UPS FedEx Corporation (FDX) and United Parcel Service, Inc. (UPS) compete in the package dellvery business. The major fixed assets

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Analyze and compare FedEx and UPS FedEx Corporation (FDX) and United Parcel Service, Inc. (UPS) compete in the package dellvery business. The major fixed assets for each business include aircraft, sorting and handling faclities, delivery vehicles, and information technology. The saies and average book value of fixed assets reported on recent financial statements for each company were as follows: a. Compute the fixed asset turnover ratio for each company, Round to one decimal place. FedEx: UPS: b. Which company appears more efficlent in using fixed assets? c. Interpret the meaning of the fixed asset turnover ratio

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