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Exercise 9-15 Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $34,000 and net income of $80. Its balance

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Exercise 9-15 Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $34,000 and net income of $80. Its balance sheet also showed total assets at the beginning of the year of $24,500 and total assets at the end of the year of $23,300 Calculate the asset turnover and return on assets. (Round answers to 2 decimal places, e.g. 6.25 or 17.54%.) Asset turnover times Return on assets LINK TO TEXT

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