Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,800 and net income of $96. Its balance sheet also showed total assets at the beginning of the year of $24,660 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, e.g. 6.25 and return on assets to 1 decimal place, e.g. 17.5%.) Asset turnover Return on assets Taxthonkond Madia 1.45 1 times %

Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,800 and net income of $96. Its balance sheet also showed total assets at the beginning of the year of $24,660 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, e.g.6.25 and return on assets to 1 decimal place, e.s. 17.5\%.) Asset turnover times Return on assets %