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Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $35,150 and net income of $83. Its balance sheet also

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Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $35,150 and net income of $83. Its balance sheet also showed total assets at the beginning of the year of $24.730 and total assets at the end of the year of $23.300. Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, s. 6.25 and return on assets to 1 decimal place, c. 17.5%) Asset turnover times Return on assets

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