Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $34,900 and net income of $98. Its balance sheet also showed total assets at the beginning of the year of $24,680 and total assets at the end of the year of $23,300.

Current Attempt in Progress Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $34,900 and net income of $98. Its balance sheet also showed total assets at the beginning of the year of $24,680 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, eg. 6.25 or 17.54%.) Asset turnover times Return on assets % e Textbook and Media Save for Later Attempts: 0 of 3 used Submit