Suppose during 2025 that Federal Express reported the following information (in millions): net sales of $50,000 and net income of $120. Its balance sheet also showed total assets at the beginning of the year of $29,000 and total assets at the end of the year of $21,000. Calculate the asset turnover and return on assets. (Round answers to 2 decimal places, e.g. 6.25 or 6.25%.) Asset turnover Return on assets 1 times %

Suppose during 2025 that Federal Express reported the following information (in millions): net sales of $50,000 and net income of $120. Its balance sheet also showed total assets at the beginning of the year of $29,000 and total assets at the end of the year of $21,000 Calculate the asset turnover and return on assets. (Round answers to 2 decimal places, es. 6.25 or 6.25% ) Asset turnover times Return onassets %