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Compare GAAP and non-GAAP Measures FedEx Corporation reported the following in its May 31, 2019 earnings release. Dollars in millions, except EPS GAAP measure TNT
Compare GAAP and non-GAAP Measures FedEx Corporation reported the following in its May 31, 2019 earnings release. Dollars in millions, except EPS GAAP measure TNT expenses and operating results Net income Diluted EPS $540 $2.03 Mark-to-market pension accounting adjustments 2,981 11.22 314 1.18 243 0.91 FedEx Ground legal matters Net U.S. deferred tax remeasurement Non-GAAP measure 43 (0.16) 4 (0.02) $4,125 $15.52 Business realignment costs What amount did FedEx report as net income on its 2019 income statement? million The company's average equity was $18,587 million in 2019. Compute its return on equity using (i) the GAAP net income, and (ii) the non-GAAP net income. Round answers to one decimal place (ex: 0.2345 = 23.5%). GAAP Non-GAAP ROE Check % 96
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