During 2009, Federal Express reported the following information (in millions): net sales of $35,497 and net income
(a) Asset turnover ratio and
(b) Return on assets ratio.
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio. Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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