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NT RESOURCES Exercise 9-15 Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $35,200 and net income of $84.

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NT RESOURCES Exercise 9-15 Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $35,200 and net income of $84. Its balance sheet also showed total assets at the beginning of the year of $24,740 and total assets at the end of the year of $23,300. Chapter 9 HW Calculate the asset turnover and return on assets. (Round answers to 2 decimal places, e.g. 6.25 or 17.54%.) Objective Asset turnover Return on assets Question Attempts: 0 of 3 used sAVE FOR LATER

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