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Question 6 of 6 View Policies -/20 E Current Attempt in Progress Suppose during 2022 that Federal Express reported the following information (in millions):
Question 6 of 6 View Policies -/20 E Current Attempt in Progress Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $35,200 and net income of $240. Its balance sheet also showed total assets at the beginning of the year of $24,800 and total assets at the end of the year of $15,200. Calculate the asset turnover and return on assets. (Round answers to 2 decimal places, e.g. 6.25 or 17.54%.) Asset turnover Return on assets eTextbook and Media Save for Later times % Attempts: 0 of 3 used Submit Answer
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