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Suppose during 2017 that Federal Express reported the following information in millions net sales of $35.100 and net income of $82. Its balance sheet also
Suppose during 2017 that Federal Express reported the following information in millions net sales of $35.100 and net income of $82. Its balance sheet also showed total assets at the beginning of the year of 524 720 and total assets at the end of the year of $23,300 Calculate the asset turnover and return on assets. (Round answers to 2 decimal places, s. 6.25 or 17.54%) Asset turnover times Return on assets % mitha and Modi
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