During 2007 federal express reported the following

Reference no: EM13600436

During 2007 Federal Express reported the following information (in millions): net sales of $35,214 and net income of $2,016. Its balance sheet also showed total assets at the beginning of the year of $22,690 and total assets at the end of the year of $24,000.Calculate the (a) asset turnover ratio and (b) return on assets ratio.

Reference no: EM13600436

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