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UPS is a direct competitor of FedEx's. UPS's most recent balance sheet indicates a Current Ratio of 1.1x and a Debt Ratio of 91.6%. FedEx's

UPS is a direct competitor of FedEx's. UPS's most recent balance sheet indicates a Current Ratio of 1.1x and a Debt Ratio of 91.6%. FedEx's most recent balance sheet indicates a Current ratio of 1.3x and a Debt Ratio of 73.5%. How does their data compare and what conclusions might you draw about UPS's liquidity or leverage relative to FedEx?

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