Compare FedEx and UPS FedEx Corporation (FDX) and United Parcel Service, Inc. (UPS) compete in the package delivery business. The major fixed assets for each business include aircraft, sorting and handling facilities, delivery vehicles, and information technology. The sales and average book value of fixed assets reported on recent financial statements for each company were as follows: FedEx UPS Sales (in millions) $50,365 $60,906 Average book value of foed sets (in Millions) 22,580 18,576 a. Compute the foed asset turnover ratio for each company. Round to one decimal place. FedEs: UPS b. Which company appears more efficient in using fixed assets? c. Interpret the meaning of the fixed asset turnover ratio