The following is a summary of performance data of FedEx over a three-year period: In millions Year1 Year 2 Year 3 Sales 34,734 39,304 42,680 COGS 33,550 37,852 40,648 Net Income 1,184 1,452 2,032 Assets 25,654 27,385 29,903 Total Debt 11,695 10,498 13,926 Equity 15,654 15,220 14,727 Operating Cash Flow 1,998 2,378 3,186 Investment Cash Flow -2,781 -3,419 -4,049 Financing cash flow -692 -287 -244 Required: Given the information in the table above, calculate the following: •Profit margin on sales •Return on assets •Return on equity •Total debt to total assets •Total asset turnover Explain and evaluate your results as they pertain to profitability, debt, and asset turnover for the company over a three-year period.

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      4.28_ratios.xlsx