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Suppose during 2025 that Federal Express reported the following information (in millions): net sales of $32,500 and net income of $90. Its balance sheet also

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Suppose during 2025 that Federal Express reported the following information (in millions): net sales of $32,500 and net income of $90. Its balance sheet also showed total assets at the beginning of the year of $28,000 and totat assets at the end of the year of $22,000. Calculate the asset turnover and return on assets. (Round answers to 2 decimal places, eg. 6.25 or 6.25\%) Asset turnover times Return on assets % Suppose during 2025 that Federal Express reported the following information (in millions): net sales of $32,500 and net income of $90. Its balance sheet also showed total assets at the beginning of the year of $28,000 and totat assets at the end of the year of $22,000. Calculate the asset turnover and return on assets. (Round answers to 2 decimal places, eg. 6.25 or 6.25\%) Asset turnover times Return on assets %

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