The Federal Express Annual Report reported the following financial highlights in millions for the years 2003 and 2002. Madeleine Paine is a stockholder and is trying to analyze this report.
(a) What was the percent increase/decrease for each of the above? Round to the nearest hundredth percent. (b) What is the return on equity for each year? Round to nearest hundredth percent. (c) What was the asset turnover for each year? Round to nearest hundredth. (d) What is the profit margin on sales for each year? Round to nearest hundredth percent. (e) Using 1999 as the base year, prepare a trend analysis. Round to the nearest whole percent.
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