Company Analysis The following is a summary of performance data of FedEx over a three-year period:

Given the information in the table above, calculate the following:

Profit margin on sales

Return on assets

Return on equity

Total debt to total assets

Total asset turnover

Explain and evaluate your results as they pertain to profitability, debt, and asset turnover for the company over a three-year period.

(in millions) Sales Cost of Goods Sold 33,550 37,852 40,648 Net Income Assets Total Debt Equity Operating Cash Flow 1,998 2,378 3,186 Investment Cash Flow-2,781 -3,419 -4,049 Financing Cash Flow 692 -287 -244 Year 1 Year 2 Year 3 34,734 39,304 42,680 1,184 1,452 2,032 25,654 27,385 29,903 11,695 10,498 13,926 15,654 15,220 14,727