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Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $35,000 and net income of $230. Its balance sheet also

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Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $35,000 and net income of $230. 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 ploces, es. 6.25 or 17.54%.) Asset turnover times Return on assets %

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