During 2007 federal express reported the following, Ask an Expert

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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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9978013

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