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In 2018, FedEx had total assets of $52.6 billion, an asset turnover ratio of 1.44 times, and a net profit margin of 8.7%. a. What
In 2018, FedEx had total assets of $52.6 billion, an asset turnover ratio of 1.44 times, and a net profit margin of 8.7%. a. What is FedEx's return on assets? b. Find FedEx's ROE, given that 36.7% of the assets are financed with stockholders' equity. a. FedEx's return on assets (ROA) is %. (Round to two decimal places.) b. Given that 36.7% of the assets are financed with stockholders' equity, FedEx's return on equity (ROE) is %. (Round to two decimal places.)
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