Using FedEx's 2021 and 2022 Annual Reports (see links at the bottom):
a.) Calculate the current ratio and quick ratio for the last two years. Obtain peer/industry average ratios.
b.) Discuss what each of these ratios tells you about FedEx's current financial condition and how they compare to the industry averages.
c.) Identify the major causes of any changes in these ratios and discuss your assessment of the company based on these changes.
d.) Review the balance sheet and the notes to the most recent financial statements, and identify any contingent liabilities.
e.) Discuss whether or not you agree with how the company chose to treat each contingency on the financial statements (i.e., recorded vs. disclosed, but not recorded).
f.) Discuss the effect on the financial statements of the company's treatment of the contingency.
g.) Discuss whether the contingent liabilities change your assessment of the company.

 

2022 FedEx Anual Report:
https://s21.q4cdn.com/665674268/files/doc_financials/2022/ar/Annual-Report.pdf

 

2021 FedEx Anual Report:
https://s21.q4cdn.com/665674268/files/doc_financials/annual/2021/389437(1)_12_FedEx_AR_WR.pdf