Question
Suppose during 2025 that Federal express reported the following information in millions: net sales of 90000 and net income of 200. Its balance sheet also
Suppose during 2025 that Federal express reported the following information in millions: net sales of 90000 and net income of 200. Its balance sheet also showed total assets at the beginning of the year of 25000 and total assets at the end of the year of 25000. Calculate the asset turnover and return on assets
Asset Turnover (times)
Return on assets (%)
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Financial and Managerial Accounting
Authors: John J Wild, Ken W. Shaw
8th edition
1260247856, 978-1260247855
