Fixed asset turnover ratio FedEx Corporation and United Parcel Service, Inc. 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) $47,453 $58,363 Average book value of fixed assets (in millions) 20,213 18,317 a. Compute the fixed asset turnover ratio for each company. Round to one decimal place. Fixed Asset Turnover Ratio FedEx UPS b. Which company appears more efficient in using fixed assets? c. The fixed asset turnover is a measure of how efficiently is generated from underlying fixed assets. is making a more efficient use of its fixed assests,