int Dead Fesit Tutatio FedEx Corporation and United Parcel Service, Inc. compete in the package delivery business. The major fixed assets for each business include aircraft, sorting and very vehicles, and information technology. The sales and average book value of fixed assets reported on recent financial statements for each Sales (in milions) Average book value of fixed assets (in millions) FedEx UPS $65,450 27,068 $71,861 24,347 a. Compute the fixed asset turnover ratio for each company Round to one decimal place. FedEx UPS Fixed Asset Turnover Ratio b. Which company appears more efficient in using fixed assets? The fixed asset turmover is a measure of how efficiently efficient use of its fixed. is generated from underlying feed assets is making a more