Suppose during 2025 that Federal Express reported the following information (in millions): net sales of $35,497 and
Question:
Suppose during 2025 that Federal Express reported the following information (in millions): net sales of $35,497 and net income of $98. Its balance sheet also showed total assets at the beginning of the year of $25,633 and total assets at the end of the year of $24,244.
Instructions
Calculate the
(a) Asset turnover
(b) Return on assets
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781119791058
8th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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