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Fedex Corporation Consolidated Statements of Income (In millions, except per share amounts) Years Ending May 31, 2014 2013 2012 REVENUES 45,567 44,287 42,680 OPERATING EXPENSES:

Fedex Corporation

Consolidated Statements of Income
(In millions, except per share amounts)
Years Ending May 31,
2014 2013 2012
REVENUES 45,567 44,287 42,680
OPERATING EXPENSES:
Salaries and employee benefits 16,555 16,570 16,099
Purchased transportation 8,011 7,272 6,335
Rentals and landing fees 2,622 2,521 2,487
Depreciation and amortization 2,587 2,386 2,113
Fuel 4,557 4,746 4,956
Maintanance and repairs 1,862 1,909 1,980
Business realignment, impairment and other charges - 660 134
Other 5,927 5,672 5,390
42,121 41,736 39,494
OPERATING INCOME 3,446 2,551 3,186
OTHER INCOME (EXPENSE):
Interest expense -160 -82 -52
Interest Income 18 21 13
Other, net -15 -35 -6
-157 -96 -45
INCOME BEFORE INCOME TAXES 3,289 2,455 3,141
PROVISION FOR INCOME TAXES 1,192 894 1,109
NET INCOME 2,097 1,561 2,032
BASIC EARNINGS PER COMMON SHARE 6.82 4.95 6.44
DILUTED EARNINGS PER COMMON SHARE 6.75 4.91 6.41

Fedex Corporation
Consolidated Balance Sheets
(In millions, except share data)
2014 2013 2012
ASSETS
CURRENT ASSETS
Cash and cash equivalents 2,908 4,917 2,843
Receivables, less allowances of $164 and $176 5,460 5,044 4,704
Spare parts, supplies and fuel, less allowances of $212 and $205 463 457 440
Deferred income taxes 522 533 533
Prepaid expenses and other 330 323 536
Total current assets 9,683 11,274 9,056
PROPERTY AND EQUIPMENT, AT COST
Aircraft and related equipment 15,632 14,716 14,360
Package handling and ground support equipment 7,196 6,452 5,912
Computer and electronic equipment 5,169 4,958 4,646
Vehicles 4,400 4,080 3,654
Facilities and other 8,294 7,903 7,592
40,691 38,109 36,164
Less accumulated depreciation and amortization 21,141 19,625 18,916
Net property and equipment 19,550 18,484 17,248
OTHER LONG-TERM ASSETS
Goodwill 2,790 2,755 2,387
Other assets 1,047 1,054 1,212
Total other long-term assets 3,837 3,809 3,599
33,070 33,567 29,903
LIABILITIES AND STOCKHOLDERS' INVESTMENT
CURRENT LIABILITIES
Current portion of long-term debt 1 251 417
Accrued salaries and employee benefits 1,277 1,688 1,635
Accounts payable 1,971 1,879 1,613
Accrued expenses 2,063 1,932 1,709
Total current liabilities 5,312 5,750 5,374
LONG-TERM DEBT, LESS CURRENT PORTION 4,736 2,739 1,250
OTHER LONG-TERM LIABILITIES
Deferred income taxes 2,114 1,652 836
Pension, postretirement healthcare and other benefit obligations 3,484 3,916 5,582
Self-insurance accruals 1,038 987 963
Deferred lease obligations 758 778 784
Deffered gains, principally related to aircraft transactions 206 227 251
Other liabilities 145 120 136
Total other long-term liabilities 7,745 7,680 8,552
COMMITMENTS AND CONTINGENCIES
COMMON STOCKHOLDERS' INVESTMENT
Common stock, $0.10 par value, 800 million shares authorized 318 million shares issued as of May 31, 2014, 2013, and 2012 32 32 32
Additional paid-in capital 2,643 2,668 2,595
Retained earnings 20,429 18,519 17,134
Accumulated other comprehensive loss -3,694 -3,820 -4,953
Treasury stock, at cost -4,133 -1 -81
Total common stockholders' investment 15,277 17,398 14,727
33,070 33,567 29,903

Given the provided information, the following ratios are needed:

- Current Ratio

- Quick Ratio

- Debt to total assets ratio

- Debt to equity ratio

- Long-term debt to equity ratio

- Time interest earned ratio

- Inventory turnover

- Fixed assets turnover

- Total assets turnover

- Accounts receivable turnover

- Average collection period

- Gross profit margin

- Operating profit margin

- Net profit margin

- Return on total assets (ROA)

- Return on stockholders' equity (ROE)

- Earnings per share (EPS)

- Price earnings ratio

Please show work on how the answers come to be. Thanks in advance!

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