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Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $34.550 and net income of $91. Its balance sheet also

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Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $34.550 and net income of $91. Its balance sheet also showed total assets at the beginning of the year of $24,610 and total assets at the end of the year of $23,300 Calculate the asset turnover and return on assets. (Round ariswers to 2 decimal places, c.8. 6.25 or 17.54%) Asset turnover times Return on assets %

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