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Calculate the company's Times Interest Earned ratio for both columns of data. show your work on both calculatikns. FEDEX CORP. FINANCIAL HIGHLIGHTS First Quarter Fiscal

Calculate the company's Times Interest Earned ratio for both columns of data. show your work on both calculatikns. image text in transcribed
FEDEX CORP. FINANCIAL HIGHLIGHTS First Quarter Fiscal 2020 (In millions, except earnings per share) (Unaudited) Three Months Ended August 31 2019 2018 $8.945 5,179 1,905 $9.222 4.799 1.959 (3%) 8% (39) (56%) (5%) Revenue: FedEx Express segment FedEx Ground segment FedEx Freight segment FedEx Services segment Other and eliminations Total Revenue Operating Expenses: Salaries and employee benefits Purchased transportation Rentals and landing fees Depreciation and amortization 1,015 17,048 1063 17,052 6.260 6.087 4.028 920 3.967 823 9 Fuel 808 986 (12%) 879 870 768 2519 16,071 2.402 15,981 285 388 (27%) (5%) 644 676 194 176 (169) 1.071 (146) 977 145 (9%) Maintenance and repairs Other Total Operating Expenses Operating Income (Loss): FedEx Express segment FedEx Ground segment FedEx Freight segment Corporate, eliminations and other Total Operating Income Other Income (Expense) Interest.net Other retirement plans income Othernet Total Other Income Income Before Income Taxes Provision for Income Taxes Net Income Diluted Earnings Per Share Weighted Average Common and Common Equivalent Shares (127) 8% 158 (137) 168 (12) 19 996 NM 30 1,101 (37%) (10%) (6%) (11%) 251 266 $ 745 $ 2.84 $ 835 $ 3.10 262 269 $1,179 (3%) 20% Capital Expenditures $1,418 1. Includes the FedEx Logistics and FedEx Office operating segments 2. Prior year amounts have been reed to conform to the current year presentation

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