PHASE 2 INSTRUCTIONS: Stage 2 (10% of grade): The analysis portion of the project (stage 2) is valued at 10 percent of your final grade, and consists of writing a 3-page, double-spaced paper supported by spreadsheets, graphs, etc. including financial and stock performance; international subsidiary analysis; country analysis; exposure and hedging analysis; currency analysis; tax analysis; industry and competitor analysis; and exposure analysis (transactions, translation, operating, and economic).  Any charts, graphs and financial reports are not included in the 3-page requirement.  This stage should be submitted in your assignment folder. You have already performed a great deal of financial analysis in Stage 1 so you for the area of "financial and stock performance" you can focus in on stock performance.  In finance.yahoo.com, you can find the historical prices of your chosen company's stock.  You might want to report the stock price for the past 10-15 years in a table in an appendix and then perhaps discuss how those prices correlate (or don't correlate) with your financial analysis (from phase 1).  A paragraph or two should be sufficient.  I'd rather see you focus in on where the company does business internationally and then turn your focus to the international business dimensions present.  (PHASE 1 IS ALSO ATTACHED TO HOMEWORK MARKET POST) The assignment says you should produce a document that is 3 pages, double spaced.  My guess is that a more realistic estimate of size will be 4-5 pages plus appendices.  Again, you will run your paper through Turnitin to check for plagiarism.  ECO201 – Macroeconomics Unit 7 Assignment: Standards of Living Due: Sunday by 11:59 pm at the end of Unit 7. How do nations improve? In thinking about how nations around the world should pursue the goal of raising their standard of living, economists find it useful to divide those nations into three groups.  First, provide a brief (one paragraph) overview of this week’s material.  Identify and briefly describe each group, and include examples of nations that would be classified within each particular group.  Using their group designation, identify the problem relating to growth policies associated with high-income countries and discuss the focus of main public policies targeted at addressing this problem. Try addressing then the same for the other classifications. Your final product will be a paper that:  Addresses each of the topic/questions above in total.  Is APA formatted.  The body is to be 2 pages minimum. The requirements for your assignment are: 1. Answer each question fully 2. Define the overall subject of each question. 3. Cite at least three (3) resources from this week’s materials. Students: Be sure to read the criteria and review the grading rubric on the next page, by which your paper/project will be evaluated, before you write, and again after you write. Evalu.

1. PHASE 2 INSTRUCTIONS:
Stage 2 (10% of grade): The analysis portion of the project
(stage 2) is valued at 10 percent of your final grade, and
consists of writing a 3-page, double-spaced paper supported by
spreadsheets, graphs, etc. including financial and stock
performance; international subsidiary analysis; country
analysis; exposure and hedging analysis; currency analysis; tax
analysis; industry and competitor analysis; and exposure
analysis (transactions, translation, operating, and economic).
Any charts, graphs and financial reports are not included in the
3-page requirement. This stage should be submitted in your
assignment folder.
You have already performed a great deal of financial analysis in
Stage 1 so you for the area of "financial and stock performance"
you can focus in on stock performance. In finance.yahoo.com,
you can find the historical prices of your chosen company's
stock. You might want to report the stock price for the past 10-
15 years in a table in an appendix and then perhaps discuss how
those prices correlate (or don't correlate) with your financial
analysis (from phase 1). A paragraph or two should be
sufficient. I'd rather see you focus in on where the company
does business internationally and then turn your focus to the
international business dimensions present. (PHASE 1 IS ALSO
ATTACHED TO HOMEWORK MARKET POST)
The assignment says you should produce a document that is 3
pages, double spaced. My guess is that a more realistic estimate
of size will be 4-5 pages plus appendices. Again, you will run
your paper through Turnitin to check for plagiarism.

2. ECO201 – Macroeconomics
Unit 7 Assignment: Standards of Living
Due: Sunday by 11:59 pm at the end of Unit 7.
How do nations improve?
In thinking about how nations around the world should pursue
the goal of raising their
standard of living, economists find it useful to divide those
nations into three groups.
material.
describe each group, and include
examples of nations that would
be classified within each particular group.
to growth policies
associated with high-income countries and discuss the focus of
main public policies
targeted at addressing this problem. Try addressing then the
same for the other
classifications.

3. Your final product will be a paper that:
e body is to be 2 pages minimum.
The requirements for your assignment are:
1. Answer each question fully
2. Define the overall subject of each question.
3. Cite at least three (3) resources from this week’s materials.
Students: Be sure to read the criteria and review the grading

4. rubric on the next page, by
which your paper/project will be evaluated, before you write,
and again after you write.
Evaluation Rubric for Unit 7 Assignment
CRITERIA Deficient Proficient Exemplary Points
Earned
Overview of the
Topic
0-13 Points
Does not provide an
adequate overview
or is missing.
14-22 Points
Overview is
presented, though
may not be clear or
complete.

5. 23-30 Points
Overview is clearly
presented including
all criteria outlined
above.
Complete
Answers
0-11 Points
Questions
unanswered and/or
poorly answered.
12-23 Points
All questions
answered with 1-2
sentence inputs.
24-45 Points
All questions
answered with depth
and clarity.

6. References to
Course Materials
0-5 Points
Less than 3
references, no
assimilation to the
questions.
6-10 Points
3 references,
minimal
assimilation to the
questions.
11-15 Points
4 or more references
and assimilations
show depth and
clarity.
APA Format 0-1 Point
Format has errors
that impede

7. professional
presentation; and/or
APA not followed,
reference page
missing.
2-3 Points
APA format and
reference page has
few errors that do
not impede
professional
presentation.
4-5 Points
APA format and
reference page is
clear, professional,
and error free.
Writing Quality 0-1 Point
More than 7 writing

8. errors, to include
spelling and
punctuation.
2-3 Points
More than 4 writing
errors, to include
spelling and
punctuation.
4-5 Points
No writing errors.
Total 100
PROFESSOR’S FEEDACK ON PHASE 1: You have a good
start on introducing FedEx with discussion of some of its
strategies. The BIG thing missing in your stage 1 paper was
financial analysis. Specifically, I was looking for liquidity,
activity, leverage and profitability analysis for the past 3 years
as well as some comparison to its competitor. In week 3's
announcement, I noted this expectation; please go back and
review that post as well as the attached document. You have
the ratios so all you need is the analysis.
FedEx has been in operation for a very long and it has managed
to establish its network to 220 countries making it the most

9. integrated company in the world with operations in more
country. Through this, the company has ensured that its
competitors have a hard time to catch up with it, with current
market conditions being unfavorable with the rise of easier
ways of communication and conventional ways of transporting
goods and services. FedEx has also incorporated certain
strategies in place in order to ensure that it is ahead of its
competition and also to expand its market to more consumers.
FedEx has maintained its international markets even in
countries where they face competition and also in areas where
the market size has declined. Through this, the company has
ensured that it is viewed as reliable and no so much interested
in profits. Although it faces competition from local industrial
players, the company has continued to thrive by ensuring that
its process are low and they are favored by the demand of less
integrated transport system such as rail, ensuring that it has to
compete against other companies who are also reliant on road
for transport. (Team 2015)
FedEx has over the years ensured that its investors are rewarded
with high returns some going as high as 102%. This helps in
retaining investors and also potential competition by ensuring
that investors invest in the company rather than starting up their
own company or even investing in rival firms (Schmidt 2015).
Although its dividends are low compared to other logistics
companies, its share value growth is high which ensures that it
retains its long term investors and has a steady flow of income
from investors who do not want to be long term investors.
The company has also revised its rates by ensuring that its rates
are in line with market conditions, through surcharging its fuel
rates, it has ensured that it is in touch with the market behaviors
and that a decline in fuel cost will lead to the cost of
distribution going up while an increase of fuel cost will affected
the rates by going up with the most affected being the small
scale distributors. This ensures that the company is able to
retain its long term customers who require logistics help on a
regular basis. (Schmidt 2015)

10. The company has changed how it prices its commodities in
order to increase its revenues. Rather than charging
commodities on their weight, the company has ensured that t is
charging goods in relation to the space that they occupy (Team
2015). Through this, the company has ensured that it is able to
transport light commodities for the same price as heavy
commodities when they occupy the same space. This has
ensured that it is able to motivate customers to squeeze their
products in order to create spaces for more products which will
lead to the price being relatively low for the client. This helps
the company to meet its operation cost easily and not rely on
other means in order to funds its operations.
The company has also increased its efficiency when it comes to
delivering of goods especially during the holiday seasons. It
achieved his through increasing its expenses leading to higher
cost of operation but this increases its punctuality to
accomplishing a 99% on time delivery of its orders. (Schmidt
2015)
The company through its integrated network has ensured that it
is able to increase its revenues and cater for operations through
backhauling. Through this the company is able to make
revenues when the transport system is either firm a delivery or
going to pick up a delivery. Through this strategy, the company
ensures that it is able to haul goods from one place to another at
subsidized priced as it already has met its operations cost.
FedEx Ratios
Liquidity ratios
Current ratios
current assets/current liabilities

11. 2013
2014
2015
current ratios
current assets
11274
9683
10941
current liabilities
5750
5312
5957
current ratios
1.960696
1.822854
1.836663
quick ratio
Inventory
457

12. 463
498
quick ratio=(current assets -inventories)/current liabilities
1.881217
1.735693
1.753064
Activity ratios
Inventory turnover rate
cost of goods sold/inventory
cost of goods sold
13927
14430
14302

13. inventory turnover rate
30.47484
31.16631
28.71888
average collection period
accounts receivables/daily revenue
accounts receivables
5044
5460
5719
daily revenue
121.3342
124.8411
130.0082
average collection periods
41.57112
43.7356
43.98953

14. asset turnover rate
total revenue/total assets
total assets
33,567
33070
37069
total revenue/total assets
44287
45567
47453
asset turnover rate
1.319361
1.377895
1.280126

15. Debt ratios
debt ratio=total liabilities/total assets
total liabilities
16169
17793
22076
debt ratio
0.481693
0.538041
0.595538

16. times interest earned
operating income/interest expense
operating income
4434
3815
1867
interest expense
82
160
235
times interest earned
54.07317
23.84375
7.944681
Profitability ratios

17. Gross profit margin
gross profit/total revenue
gross revenue
30360
31137
33151
gross profit margin
0.685528
0.683323
0.698607
operating profit margin
operating profit/ total revenues
operating profit margin
0.10012

18. 0.083723
0.039344
net profit margin
net profit/ total revenues
net profit
2716
2324
1050
net profit margin
0.061327
0.051002
0.022127

19. Earnings per share
net income/common stock shares
common stock shares
318
218.15
309.86
earnings per share
8.540881
10.65322
3.388627
(FedEx Corporation)
References
FedEx Corporation. (n.d.). Retrieved June 07, 2016, from
https://www.google.com/finance?q=NYSE:FDX
Schmidt, A. (2015, June 25). Welcome to Market Realist.
Retrieved June 07, 2016, from
http://marketrealist.com/2015/06/fedex-enough-investors/
Team, T. (2015, January 7). Three key strategies driving FedEx
nn 2015. Retrieved June 07, 2016, from
http://www.forbes.com/sites/greatspeculations/2015/01/07/three
-key-strategies-driving-fedex-in-2015/2/#405475266e2e