Analyze and compare FedEx and UPS FedEx Corporation (FDX) and United Parcel Service, Inc. (UPS) compete...

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Analyze and compare FedEx and UPS FedEx Corporation (FDX) and United Parcel Service, Inc. (UPS) compete in the package delivery business. The major fixed assets for each business include aircraft, sorting and handling facilities, delivery vehicles, and information technology. The sales and average book value of fixed assets reported on recent financial statements for each company were as follows: FedEx UPS Sales (in millions) $69,693 $74,094 Average book value of fixed assets (in millions) 29,292 28,529 a. Compute the fixed asset turnover ratio for each company. Round to one decimal place. FedEx: UPS: < b. Which company appears more efficient in using fixed assets? c. Interpret the meaning of the fixed asset turnover ratio? # 3 Check My Work $ 64 % 25 96 All work saved. 27 & U E R T F (D G S D * 00 8 9 Previous Email Instructor Save and Exit Submit Assignment for Grading H J K X C V B N M 28 cmd 28 cmd P delete option V Analyze and compare FedEx and UPS FedEx Corporation (FDX) and United Parcel Service, Inc. (UPS) compete in the package delivery business. The major fixed assets for each business include aircraft, sorting and handling facilities, delivery vehicles, and information technology. The sales and average book value of fixed assets reported on recent financial statements for each company were as follows: FedEx UPS Sales (in millions) $69,693 $74,094 Average book value of fixed assets (in millions) 29,292 28,529 a. Compute the fixed asset turnover ratio for each company. Round to one decimal place. FedEx: UPS: < b. Which company appears more efficient in using fixed assets? c. Interpret the meaning of the fixed asset turnover ratio? # 3 Check My Work $ 64 % 25 96 All work saved. 27 & U E R T F (D G S D * 00 8 9 Previous Email Instructor Save and Exit Submit Assignment for Grading H J K X C V B N M 28 cmd 28 cmd P delete option V