For FedEx (FDX), review the selected income statement and balance sheet data: (in millions) FY 2018 FY 2019 Sales $65,540 $69,693 Comprehensive income 4,088 1,112 NOPAT 5,097 5,592 (in millions) May 31, 2017 May 31, 2018 May 31, 2019 Net operating assets (NOA) $50,034 $54,001 $57,523 Net financial liabilities (NFL) 34,706 36,650 39,971 Shareholders’ Equity 15,329 18,351 17,552.

Calculate for FY 2018 and 2019: 

a. Operating profit margin percentage (PM) 

b. Operating Asset turnover (ATO) 

c. Return on net operating assets (RNOA) 

d. Financial leverage (LEV) 

e. Spread (RNOA – RNFL) 

f. Return on Equity (ROE)