FIN 320 Module Four Excel Assignment Rubric This assignment builds on the work you did for the Excel assignment in Module Three. To get started, find and open the file you submitted. From there, complete the following steps: 1. Financial Data Using the same company you selected in Module Three, add another two years of financial statement data so that you have three years of annual data to review for historical analysis. In all, your Excel file must include the following: o Three worksheets of annual balance sheet data o Three worksheets of annual income statement data o Three worksheets of annual statement of cash flow data Important Note: Be sure to label each worksheet in Excel with the appropriate year, as you did in the Module Three assignment. 2. Ratio Calculation On each data tab, use formulas to calculate the following financial indicators for each year of data: o Current ratio o Debt/equity ratio o Free cash flow o Earnings per share o Price/earnings ratio o Return on equity o Net profit margin 3. Written Responses Using the Write Submission area of Blackboard for this part of the assignment, respond to the following: o Describe how and why each of the ratios has changed over the three-year period. For example, did the current ratio increase or decrease? Why? o Describe how three of the ratios you calculated for your company compare to the general industry. Find general industry data by entering your specific company’s ticker symbol here. If you are not familiar with the Write Submission feature, see the screen shot below. http://biz.yahoo.com/p/ 4. Professionalism, References, and Mechanics Format the data on all worksheets so that the file has a neat and professional appearance. Include links and properly formatted citations referencing the location of the data used. Your written responses should be free of errors in organization, grammar, and style. Guidelines for Submission: Submit an Excel file that meets the criteria described in the prompt. The written responses should be done in the Write Submission area of Blackboard. Citations should be formatted according to APA style. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Exemplary (100%) Proficient (85%) Needs Improvement (55%) Not Evident (0%) Value Financial Data Meets “Proficient” criteria and presents information in a well- organized manner with clearly labeled tabs and data sections Includes three years of financial statement data (three annual balance sheets, three annual income statements, and three annual statements of cash flows) for the company selected, with minor errors or no errors Includes three years of financial statement data (three annual balance sheets, three annual income statements, and three annual statements ...

1. FIN 320 Module Four Excel Assignment Rubric
This assignment builds on the work you did for the Excel
assignment in Module Three. To get started, find and open the
file you submitted. From there,
complete the following steps:
1. Financial Data
Using the same company you selected in Module Three, add
another two years of financial statement data so that you have
three years of annual data
to review for historical analysis. In all, your Excel file must
include the following:
o Three worksheets of annual balance sheet data
o Three worksheets of annual income statement data
o Three worksheets of annual statement of cash flow data
Important Note: Be sure to label each worksheet in Excel with
the appropriate year, as you did in the Module Three
assignment.
2. Ratio Calculation
On each data tab, use formulas to calculate the following
financial indicators for each year of data:

2. o Current ratio
o Debt/equity ratio
o Free cash flow
o Earnings per share
o Price/earnings ratio
o Return on equity
o Net profit margin
3. Written Responses
Using the Write Submission area of Blackboard for this part of
the assignment, respond to the following:
o Describe how and why each of the ratios has changed over the
three-year period. For example, did the current ratio increase or
decrease? Why?
o Describe how three of the ratios you calculated for your
company compare to the general industry. Find general industry
data by entering your
specific company’s ticker symbol here. If you are not familiar
with the Write Submission feature, see the screen shot below.
http://biz.yahoo.com/p/
4. Professionalism, References, and Mechanics
Format the data on all worksheets so that the file has a neat and
professional appearance. Include links and properly formatted
citations referencing the
location of the data used. Your written responses should be free

3. of errors in organization, grammar, and style.
Guidelines for Submission: Submit an Excel file that meets the
criteria described in the prompt. The written responses should
be done in the Write Submission
area of Blackboard. Citations should be formatted according to
APA style.
Instructor Feedback: This activity uses an integrated rubric in
Blackboard. Students can view instructor feedback in the Grade
Center. For more information,
review these instructions.
Critical Elements Exemplary (100%) Proficient (85%) Needs
Improvement (55%) Not Evident (0%) Value
Financial Data Meets “Proficient” criteria and
presents information in a well-
organized manner with clearly
labeled tabs and data sections
Includes three years of financial
statement data (three annual
balance sheets, three annual
income statements, and three
annual statements of cash flows)
for the company selected, with
minor errors or no errors
Includes three years of financial
statement data (three annual
balance sheets, three annual
income statements, and three

4. annual statements of cash flows)
for the company selected, with
noticeable errors
Does not include three years of
financial statement data (three
annual balance sheets, three
annual income statements, and
three annual statements of cash
flows) for the company selected
20
Ratio Calculation Meets “Proficient” criteria and
presents information in a clear
and well-organized manner
Accurately calculates the
financial indicators (current ratio,
debt/equity ratio, free cash flow,
earnings per share,
price/earnings ratio, return on
equity, and net profit margin),
with minor errors or no errors
Calculates the financial indicators
(current ratio, debt/equity ratio,
free cash flow, earnings per
share, price/earnings ratio,
return on equity, and net profit
margin), with noticeable errors
Does not calculate the financial
indicators (current ratio,
debt/equity ratio, free cash flow,
earnings per share,

5. price/earnings ratio, return on
equity, and net profit margin)
40
http://snhu-
media.snhu.edu/files/production_documentation/formatting/rubr
ic_feedback_instructions_student.pdf
Written Responses:
Changes in Ratios
Meets “Proficient” criteria and
includes supporting details and
data
Describes how and why each of
the ratios has changed over the
three-year period in a clear and
logical manner
Describes how and why each of
the ratios has changed over the
three-year period but presents
some information in an unclear
or illogical manner
Does not describe how and why
each of the ratios has changed
over the three-year period
15
Written Responses:

6. Comparison to Industry
Meets “Proficient” criteria and
includes supporting details and
data
Describes how the selected
ratios compare to the general
industry in a clear and logical
manner
Describes how the selected
ratios compare to the general
industry but presents some
information in an unclear or
illogical manner
Does not describe how the
selected ratios compare to the
general industry
15
Professionalism,
References, and
Mechanics
Meets “Proficient” criteria, and
the material is presented in an
especially polished and easy to
read format
Formats data with a neat and
professional appearance and
includes properly formatted

7. APA-style citations and links with
minor errors or no errors; any
errors related to organization,
grammar, and style are minor
Formats data and provides
citations and links, but there are
deficiencies in the appearance of
the data and/or flaws in the
citation formatting; there are
some errors related to
organization, grammar, and style
Does not format data with a neat
and professional appearance or
include properly formatted APA-
style citations and links; there
are major errors related to
organization, grammar, and style
10
Earned Total 100%
balance sheet 2017Assets201720172016Fiscal year is January-
December. All values USD millions.Fedextargetgodyear Cash &
Short Term Investments3.97B2.51B1.13BCash
Only3.97B1.4B1.13BShort-Term Investments-1.11B- Total
Accounts Receivable7.6B749M1.77BAccounts Receivables,
Net-385M1.77BAccounts Receivables, Gross-385M1.87BBad
Debt/Doubtful Accounts--(101M)Other Receivables-364M-
Inventories514M8.31B2.63BFinished Goods-8.31B2.06BWork
in Progress--131MRaw Materials--436MProgress Payments &

8. Other514M--Other Current
Assets546M420M190MMiscellaneous Current
Assets546M213M190MTotal Current
Assets12.63B11.99B5.72BNet Property, Plant &
Equipment25.98B24.66B7.04BProperty, Plant & Equipment -
Gross50.63B42.07B16.17BBuildings-27.61B2.32BLand &
Improvements-6.11B397MComputer Software and Equipment-
2.65B-Other Property, Plant & Equipment-5.5B-Accumulated
Depreciation24.65B17.41B9.13BTotal Investments and
Advances-345M-Other Long-Term Investments-345M-Long-
Term Note Receivable---Intangible Assets7.15B259M671MNet
Goodwill7.15B133M535MNet Other Intangibles-
126M136MOther Assets2.79B179M668MTangible Other
Assets2.79B136M668M Total
Assets48.55B37.43B16.51BLiabilities & Shareholders'
Equity2017ST Debt & Current Portion LT
Debt22M1.72B681MShort Term Debt--245MCurrent Portion of
Long Term Debt22M1.72B436M Accounts
Payable2.75B7.25B2.59BIncome Tax Payable-158M-Other
Current Liabilities5.15B3.58B1.55BDividends Payable-334M-
Accrued Payroll1.91B953M584MMiscellaneous Current
Liabilities3.23B2.29B963M Total Current
Liabilities7.92B12.71B4.82BLong-Term
Debt14.91B11.03B4.8BLong-Term Debt excl. Capitalized
Leases14.91B11.03B4.77BNon-Convertible Debt-
11.03B4.77BConvertible Debt---Capitalized Lease Obligations--
33MProvision for Risks & Charges4.49B46M-Deferred
Taxes2.53B861M(2.33B)Deferred Taxes -
Credit2.53B861M85MDeferred Taxes - Debit--2.41BOther
Liabilities2.64B1.83B2.09BOther Liabilities (excl. Deferred
Income)1.97B1.2B2.09BDeferred Income668M630M- Total
Liabilities32.48B26.48B11.79BNon-Equity Reserves---
Preferred Stock (Carrying Value)---Redeemable Preferred
Stock---Non-Redeemable Preferred Stock--- Common Equity
(Total)16.07B10.95B4.51BCommon Stock Par/Carry
Value32M46M252MRetained Earnings20.83B5.88B5.81BESOP

9. Debt Guarantee---Cumulative Translation
Adjustment/Unrealized For. Exch. Gain-
(21M)(1.16B)Unrealized Gain/Loss Marketable Securities---
Revaluation Reserves---Treasury Stock(7.38B)-- Total
Shareholders' Equity16.07B10.95B4.51BAccumulated Minority
Interest--218MTotal Equity16.07B10.95B4.73BLiabilities &
Shareholders'
Equity48.55B37.43B16.51Breferencehttp://www.marketwatch.c
om/investing/stock/gt/financials/balance-
sheethttp://www.marketwatch.com/investing/stock/tgt/financials
/balance-
sheethttp://www.marketwatch.com/investing/stock/fdx/financial
s/balance-
sheethttp://www.marketwatch.com/investing/stock/gt/financials/
balance-
sheethttp://www.marketwatch.com/investing/stock/tgt/financials
/balance-sheet
balance sheet 2016Assets201620162015Fiscal year is January-
December. All values USD millions.Fedextargetgodyear Cash &
Short Term Investments3.53B4.05B1.48BCash
Only3.53B1.04B1.48BShort-Term Investments-3.01B- Total
Accounts Receivable7.25B779M2.03BAccounts Receivables,
Net7.25B379M2.03BAccounts Receivables,
Gross7.43B379M2.14BBad Debt/Doubtful Accounts(178M)-
(105M)Other Receivables-400M-
Inventories496M8.6B2.46BFinished Goods-8.6B1.91BWork in
Progress--138MRaw Materials496M-419MProgress Payments &
Other---Other Current Assets707M704M168MMiscellaneous
Current Assets707M490M168MTotal Current
Assets11.99B14.13B6.14B201620162015Net Property, Plant &
Equipment24.28B25.22B6.78BProperty, Plant & Equipment -
Gross47.02B41.46B15.41BBuildings-27.06B2.26BLand &
Improvements-6.13B387MComputer Software and
Equipment5.15B2.62B-Other Property, Plant &
Equipment9.99B5.35B-Accumulated
Depreciation22.73B16.25B8.64BTotal Investments and

10. Advances-335M-Other Long-Term Investments-335M-Long-
Term Note Receivable---Intangible Assets6.75B277M693MNet
Goodwill6.75B133M555MNet Other Intangibles-
144M138MOther Assets2.61B303M687MTangible Other
Assets2.61B237M687M Total
Assets46.06B40.26B16.44BLiabilities & Shareholders'
Equity201620162015ST Debt & Current Portion LT
Debt29M815M636MShort Term Debt--49MCurrent Portion of
Long Term Debt29M815M587M Accounts
Payable2.94B7.42B2.77BIncome Tax Payable-502M-Other
Current Liabilities5.04B3.89B1.55BDividends Payable-337M-
Accrued Payroll1.97B1.03B666MMiscellaneous Current
Liabilities3.06B2.52B886M Total Current
Liabilities8.01B12.62B4.96BLong-Term
Debt13.84B11.95B5.12BLong-Term Debt excl. Capitalized
Leases13.84B11.15B5.07BNon-Convertible
Debt13.84B11.15B5.07BConvertible Debt---Capitalized Lease
Obligations-800M48MProvision for Risks & Charges6.23B54M-
Deferred Taxes1.13B823M(2.05B)Deferred Taxes -
Credit1.57B823M91MDeferred Taxes - Debit435M-2.14BOther
Liabilities2.64B1.86B2.13BOther Liabilities (excl. Deferred
Income)2.09B1.2B2.13BDeferred Income555M660M- Total
Liabilities32.28B27.31B12.3BNon-Equity Reserves---Preferred
Stock (Carrying Value)---Redeemable Preferred Stock---Non-
Redeemable Preferred Stock--- Common Equity
(Total)13.78B12.96B3.92BCommon Stock Par/Carry
Value32M50M267MRetained Earnings18.37B8.19B4.57BESOP
Debt Guarantee---Cumulative Translation
Adjustment/Unrealized For. Exch.
Gain(514M)(22M)(946M)Unrealized Gain/Loss Marketable
Securities---Revaluation Reserves---Treasury Stock(7.34B)--
Total Shareholders' Equity13.78B12.96B3.92BAccumulated
Minority Interest--222MTotal
Equity13.78B12.96B4.14BLiabilities & Shareholders'
Equity46.06B40.26B16.44Breferencehttp://www.marketwatch.c
om/investing/stock/gt/financials/balance-

11. sheethttp://www.marketwatch.com/investing/stock/tgt/financials
/balance-
sheethttp://www.marketwatch.com/investing/stock/fdx/financial
s/balance-
sheethttp://www.marketwatch.com/investing/stock/gt/financials/
balance-sheet
balance sheet 2015Assets201520152014Fiscal year is January-
December. All values USD millions.Fedextargetgodyear Cash &
Short Term Investments3.76B2.21B2.16BCash
Only3.76B690M2.16BShort-Term Investments-1.52B- Total
Accounts Receivable5.72B1.13B2.13BAccounts Receivables,
Net5.72B426M2.13BAccounts Receivables,
Gross5.9B426M2.22BBad Debt/Doubtful Accounts(185M)-
(89M)Other Receivables-700M-
Inventories498M8.28B2.67BFinished Goods-8.28B1.99BWork
in Progress--149MRaw Materials498M-535MProgress Payments
& Other---Other Current Assets961M2.01B766MMiscellaneous
Current Assets961M1.78B766MTotal Current
Assets10.94B13.62B7.72B201520152014Net Property, Plant &
Equipment20.88B25.95B7.15BProperty, Plant & Equipment -
Gross42.86B41.05B16.18BBuildings-26.61B2.38BLand &
Improvements-6.13B413MComputer Software and
Equipment5.21B2.55B-Other Property, Plant &
Equipment8.93B5.33B233MAccumulated
Depreciation21.99B15.09B9.03BTotal Investments and
Advances-387M51MOther Long-Term Investments-
387M51MLong-Term Note Receivable---Intangible
Assets3.81B298M739MNet Goodwill3.81B147M601MNet Other
Intangibles-151M138MOther Assets1.29B911M680MTangible
Other Assets1.29B910M680M Total
Assets37.07B41.17B18.11BLiabilities & Shareholders'
Equity201520152014ST Debt & Current Portion LT
Debt19M91M178MShort Term Debt--30MCurrent Portion of
Long Term Debt19M91M148M Accounts
Payable2.07B7.76B2.88BIncome Tax Payable-26M-Other
Current Liabilities3.87B3.86B1.68BDividends Payable-333M-

12. Accrued Payroll1.44B1.1B724MMiscellaneous Current
Liabilities2.44B2.42B956M Total Current
Liabilities5.96B11.74B4.74BLong-Term
Debt7.25B12.63B6.22BLong-Term Debt excl. Capitalized
Leases7.25B12.63B6.17BNon-Convertible
Debt7.25B12.63B6.17BConvertible Debt---Capitalized Lease
Obligations--49MProvision for Risks & Charges4.89B151M-
Deferred Taxes1.6B1.16B(1.76B)Deferred Taxes -
Credit1.75B1.16B-Deferred Taxes - Debit150M-1.76BOther
Liabilities2.23B1.49B2.73BOther Liabilities (excl. Deferred
Income)1.34B1.49B2.73BDeferred Income892M-- Total
Liabilities22.08B27.18B13.68BNon-Equity Reserves---
Preferred Stock (Carrying Value)---Redeemable Preferred
Stock---Non-Redeemable Preferred Stock--- Common Equity
(Total)14.99B14B3.61BCommon Stock Par/Carry
Value32M53M269MRetained Earnings16.9B9.64B4.34BESOP
Debt Guarantee---Cumulative Translation
Adjustment/Unrealized For. Exch.
Gain(253M)(16M)(894M)Unrealized Gain/Loss Marketable
Securities--36MRevaluation Reserves---Treasury Stock(4.9B)--
Total Shareholders' Equity14.99B14B3.61BAccumulated
Minority Interest--817MTotal Equity14.99B14B4.43BLiabilities
& Shareholders'
Equity37.07B41.17B18.11Breferencehttp://www.marketwatch.c
om/investing/stock/gt/financials/balance-
sheethttp://www.marketwatch.com/investing/stock/tgt/financials
/balance-
sheethttp://www.marketwatch.com/investing/stock/fdx/financial
s/balance-
sheethttp://www.marketwatch.com/investing/stock/gt/financials/
balance-
sheethttp://www.marketwatch.com/investing/stock/fdx/financial
s/balance-sheet
cash flow 2017Operating Activities201620172017Fiscal year is
June-May. All values USD millions.goodyeartargetfedex Net
Income before Extraordinaries1.28B2.74B3BDepreciation,

13. Depletion & Amortization727M2.3B3BDepreciation and
Depletion726M2.28B-Amortization of Intangible
Assets1M18M-Deferred Taxes & Investment Tax
Credit(229M)41M-Deferred Taxes(229M)41M-Investment Tax
Credit---Other Funds50M574M1.14BFunds from
Operations1.83B5.65B7.13BExtraordinaries---Changes in
Working Capital(328M)(214M)(2.2B)Receivables211M--
Accounts Payable(156M)(543M)-Other
Assets/Liabilities(161M)36M- Net Operating Cash
Flow1.5B5.44B4.93BInvesting Activities Capital
Expenditures(996M)(1.55B)(5.12B)Capital Expenditures (Fixed
Assets)(996M)(1.55B)(5.12B)Capital Expenditures (Other
Assets)---Net Assets from Acquisitions(11M)--Sale of Fixed
Assets & Businesses35M46M135MPurchase/Sale of
Investments(6M)28M-Purchase of Investments(72M)--
Sale/Maturity of Investments66M28M-Other Uses(6M)--Other
Sources--- Net Investing Cash
Flow(984M)(1.47B)(4.98B)Financing ActivitiesCash Dividends
Paid - Total(82M)(1.35B)(426M)Common
Dividends(82M)(1.35B)(426M)Preferred Dividends---Change in
Capital Stock(487M)(3.49B)(172M)Repurchase of Common &
Preferred Stk.(500M)(3.71B)(509M)Sale of Common &
Preferred Stock13M221M337MProceeds from Stock
Options13M-337MOther Proceeds from Sale of Stock-221M-
Issuance/Reduction of Debt, Net(280M)(664M)1.11BChange in
Current Debt189M--Change in Long-Term
Debt(469M)(664M)1.11BIssuance of Long-Term
Debt4.96B1.98B1.19BReduction in Long-Term
Debt(5.43B)(2.64B)(82M)Other Funds--18MOther Uses---Other
Sources--18M Net Financing Cash
Flow(849M)(5.5B)528MExchange Rate Effect(15M)-
(42M)Miscellaneous Funds---Net Change in
Cash(344M)(1.53B)435M Free Cash
Flow508M3.89B(186M)referencehttp://www.marketwatch.com/i
nvesting/stock/tgt/financials/cash-
flowhttp://www.marketwatch.com/investing/stock/fdx/financials

14. /cash-
flowhttp://www.marketwatch.com/investing/stock/gt/financials/
cash-
flowhttp://www.marketwatch.com/investing/stock/tgt/financials/
cash-flow
cash flow 2016Operating Activities201520162016Fiscal year is
June-May. All values USD millions.goodyeartargetfedex Net
Income before Extraordinaries376M3.36B1.82BDepreciation,
Depletion & Amortization698M2.21B2.63BDepreciation and
Depletion697M2.19B2.62BAmortization of Intangible
Assets1M23M14MDeferred Taxes & Investment Tax
Credit79M(322M)-Deferred Taxes79M(322M)-Investment Tax
Credit---Other Funds449M145M1.79BFunds from
Operations1.6B5.4B6.25BExtraordinaries---Changes in Working
Capital85M445M(537M)Receivables(31M)-(199M)Accounts
Payable78M534M467MOther
Assets/Liabilities61M227M(805M) Net Operating Cash
Flow1.69B5.84B5.71BInvesting
Activities201520162016 Capital
Expenditures(983M)(1.44B)(4.83B)Capital Expenditures (Fixed
Assets)(983M)(1.44B)(4.83B)Capital Expenditures (Other
Assets)---Net Assets from Acquisitions(320M)-(4.62B)Sale of
Fixed Assets & Businesses62M1.9B-Purchase/Sale of
Investments(14M)24M-Purchase of Investments(83M)--
Sale/Maturity of Investments69M24M-Other Uses(7M)--Other
Sources-19M- Net Investing Cash
Flow(1.26B)508M(9.45B)Financing
Activities201520162016Cash Dividends Paid -
Total(68M)(1.36B)(277M)Common
Dividends(68M)(1.36B)(277M)Preferred Dividends---Change in
Capital Stock(127M)(3.44B)(2.54B)Repurchase of Common &
Preferred Stk.(180M)(3.44B)(2.72B)Sale of Common &
Preferred Stock53M-183MProceeds from Stock Options53M-
183MOther Proceeds from Sale of Stock---Issuance/Reduction
of Debt, Net(510M)(85M)6.48BChange in Current Debt19M--
Change in Long-Term Debt(529M)(85M)6.48BIssuance of

15. Long-Term Debt2.79B-6.52BReduction in Long-Term
Debt(3.32B)(85M)(41M)Other Funds(280M)369M(51M)Other
Uses(280M)-(54M)Other Sources-369M3M Net Financing Cash
Flow(985M)(4.52B)3.61BExchange Rate Effect(125M)-
(102M)Miscellaneous Funds---Net Change in
Cash(685M)1.84B(229M) Free Cash
Flow704M4.41B880Mreferencehttp://www.marketwatch.com/in
vesting/stock/tgt/financials/cash-
flowhttp://www.marketwatch.com/investing/stock/fdx/financials
/cash-
flowhttp://www.marketwatch.com/investing/stock/gt/financials/
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flowhttp://www.marketwatch.com/investing/stock/tgt/financials/
cash-flow
cash flow 2015Operating Activities201420152015Fiscal year is
June-May. All values USD millions.goodyeartargetfedex Net
Income before Extraordinaries2.52B(1.64B)1.05BDepreciation,
Depletion & Amortization732M2.13B2.61BDepreciation and
Depletion730M2.11B2.59BAmortization of Intangible
Assets2M22M21MDeferred Taxes & Investment Tax
Credit(1.97B)7M(572M)Deferred
Taxes(1.97B)7M(572M)Investment Tax Credit---Other
Funds(1.2B)3.79B2.71BFunds from
Operations82M4.29B5.8BExtraordinaries---Changes in Working
Capital258M150M(437M)Receivables75M-(392M)Accounts
Payable(41M)777M659MOther
Assets/Liabilities36M(115M)(704M) Net Operating Cash
Flow340M4.44B5.37BInvesting
Activities201420152015 Capital
Expenditures(923M)(1.79B)(4.35B)Capital Expenditures (Fixed
Assets)(923M)(1.79B)(4.35B)Capital Expenditures (Other
Assets)---Net Assets from Acquisitions-(20M)(1.43B)Sale of
Fixed Assets & Businesses-95M24MPurchase/Sale of
Investments23M106M-Purchase of Investments(72M)--
Sale/Maturity of Investments95M106M-Other Uses-(321M)-
Other Sources49M-- Net Investing Cash

16. Flow(851M)(1.93B)(5.75B)Financing
Activities201420152015Cash Dividends Paid -
Total(75M)(1.21B)(227M)Common
Dividends(60M)(1.21B)(227M)Preferred Dividends(15M)--
Change in Capital Stock(195M)-(934M)Repurchase of Common
& Preferred Stk.(234M)-(1.25B)Sale of Common & Preferred
Stock39M-320MProceeds from Stock Options39M-320MOther
Proceeds from Sale of Stock---Issuance/Reduction of Debt,
Net308M(166M)2.49BChange in Current Debt22M(80M)-
Change in Long-Term Debt286M(86M)2.49BIssuance of Long-
Term Debt1.84B1.99B2.49BReduction in Long-Term
Debt(1.56B)(2.08B)(5M)Other Funds(49M)373M24MOther
Uses(49M)-(27M)Other Sources-373M51M Net Financing Cash
Flow(11M)(998M)1.35BExchange Rate Effect(313M)-
(108M)Miscellaneous Funds---Net Change in
Cash(835M)1.52B855M Free Cash
Flow(583M)2.65B1.02Breferencehttp://www.marketwatch.com/i
nvesting/stock/tgt/financials/cash-
flowhttp://www.marketwatch.com/investing/stock/fdx/financials
/cash-
flowhttp://www.marketwatch.com/investing/stock/gt/financials/
cash-
flowhttp://www.marketwatch.com/investing/stock/tgt/financials/
cash-flow
Income Statement
2017201720172016FedEXTargetGoodyearSales/revenue60.32B6
9.5B15.16BCost of goods sold COGS incl
D&A46.54B51.17B10.57BCOGS excluding
D&A43.54B48.87B9384BDepreciation and Amortization
Expense3B2.3B727MDepreciation 2.28B726MAmoritization of
Intagibles18M1MGross Income13.78B18.33B4.59BSG&A
Expense8.77B13.95B2.8BResearch & Development388MOther
SG&A8.77B13.95B2.41BOther operating expense(24M)Usual
Expense472M201MEBIT after unusual expense3.91B1.59Bnon
operating income/expense21M668M67Mnon operating interest
income15Mequity in affiliatesinterest

17. expense479M611M467Mgross interest
expense479M631M493Minterest capitalized20M26Mpretax
income4.58B3.97B1.21Bminority interest
expense1.58B1.3B(77M)income tax current
domestic1.25B(23M)income tax current foreign6M175Mincome
tax deferred domestic42M99Mincome tax deferred
foreign(1M)(328M)income tax creditsequity in affiliatesother
after tax incomes (expense)consolidated net
income3B2.67B1.28Bminority interest expense20Mnet
income3B2.67B1.26Bextraordinaries&discounted
operations68Mextra items&gains/loss sale of assetscumulative
effect-accounting changediscounted operations68Mnet income
after extraordinaries3B2.74B1.26Bpreferred dividendsnet
income available to common3B2.74B1.26BEPS
(basic)4.744.81basic shares outstanding577.6M263MEPS
(Diluted)11.074.74.75diluted shares
outstanding270M582.5M266MEBITDA8.03B6.68B2.52Breferen
cehttp://www.marketwatch.com/investing/stock/fdx/financialsht
tp://www.marketwatch.com/investing/stock/tgt/financialshttp://
www.marketwatch.com/investing/stock/gt/financials
income statemebnt
2016201620162015FedEXTargetGoodyearSales/revenue50.37B7
3.79B16.44BCost of goods sold COGS incl
D&A38.54B54.21B11.8BCOGS excluding
D&A35.91B52B11.1BDepreciation and Amortization
Expense2.63B2.21B698MDepreciation
2.62B2.19B697MAmoritization of Intagibles14M23M1MGross
Income11.83B19.58B4.64B201620162015SG&A
Expense8.29B15.04B2.99BResearch & Development--
382MOther SG&A8.29B15.04B2.61BOther operating expense---
Usual Expense457M230M675MEBIT after unusual
expense3.08B4.31B976Mnon operating
income/expense(22M)1.26B133Mnon operating interest
income21M-22Mequity in affiliates---interest
expense336M645M523Mgross interest
expense378M661M542Minterest capitalized42M16M19Mpretax

18. income2.74B4.92B608Mminority interest
expense920M1.6B232Mincome tax current
domestic585M1.92B(1M)income tax current
foreign200M7M154Mincome tax deferred
domestic137M(322M)74Mincome tax deferred foreign(2M)-
5Mincome tax credits---equity in affiliates---other after tax
incomes (expense)(2M)--consolidated net
income1.82B3.32B376Mminority interest expense--69Mnet
income1.82B3.32B307Mextraordinaries&discounted operations-
42M-extra items&gains/loss sale of assets---cumulative effect-
accounting change---discounted operations-42M-net income
after extraordinaries1.82B3.36B307Mpreferred dividends---net
income available to common1.82B3.36B307MEPS (basic)$
6.59$ 5.36$ 1.14basic shares
outstanding276M627.7M269MEPS (Diluted)$ 6.52$ 5.31$
1.12diluted shares
outstanding279M632.9M273MEBITDA6.17B6.75B2.35Breferen
cehttp://www.marketwatch.com/investing/stock/fdx/financialsht
tp://www.marketwatch.com/investing/stock/tgt/financialshttp://
www.marketwatch.com/investing/stock/gt/financialshttp://www.
marketwatch.com/investing/stock/fdx/financials
income statement
2015201520152014FedEXTargetGoodyearSales/revenue47.45B7
2.62B18.14BCost of goods sold COGS incl
D&A36.71B53.41B13.5BCOGS excluding
D&A34.09B51.28B12.77BDepreciation and Amortization
Expense2.61B2.13B732MDepreciation
2.59B2.11B730MAmoritization of Intagibles21M22M2MGross
Income10.75B19.21B4.64B201520152014SG&A
Expense8.41B15.04B3.12BResearch & Development--
399MOther SG&A8.41B15.04B2.72BOther operating expense---
Usual Expense473M237M165MEBIT after unusual
expense1.87B(237M)1.35Bnon operating
income/expense(19M)629M(190M)non operating interest
income14M-28Mequity in affiliates---interest
expense235M914M505Mgross interest

19. expense272M915M529Minterest capitalized37M1M24Mpretax
income1.63B3.65B687Mminority interest
expense577M1.2B(1.83B)income tax current
domestic897M1.19B1Mincome tax current
foreign214M7M135Mincome tax deferred
domestic(521M)8M(2.05B)income tax deferred
foreign(13M)(1M)84Mincome tax credits---equity in affiliates--
-other after tax incomes (expense)(2M)--consolidated net
income1.05B2.45B2.52Bminority interest expense--69Mnet
income1.05B2.45B2.45Bextraordinaries&discounted operations-
(4.09B)-extra items&gains/loss sale of assets---cumulative
effect-accounting change---discounted operations-(4.09B)-net
income after extraordinaries1.05B(1.64B)2.45Bpreferred
dividends--7Mnet income available to
common1.05B(1.64B)2.45BEPS (basic)$ 3.70$ (2.58)$
9.13basic shares outstanding283M634.7M268MEPS
(Diluted)3.65-2.568.78diluted shares
outstanding287M640.1M279MEBITDA4.95B6.3B2.25Breferenc
ehttp://www.marketwatch.com/investing/stock/fdx/financialshtt
p://www.marketwatch.com/investing/stock/tgt/financialshttp://w
ww.marketwatch.com/investing/stock/gt/financials
rate of
returncompanyfedextargetgoodyear7/14/17219.0653.2336.277/7/
17218.5151.0735.47rate of return
%0.254.232.26referencehttp://www.mergentonline.com.ezproxy.
snhu.edu/basicsearch.php
ratio calculationFEDEX201720162015Current ratio = total
assets/total libilities1.491.521.68debt/equity ratio = total
liability/shareholders equity202.00%234.00%147.00%free cash
flow(186m)880m1.02bearnings per share=net income-dividends
preferred stock/average outstaning shares$ 11.07$ 6.52$
3.65price earnings ratio=market value of share/earnings per
share16.8222.8545.58return of equity = net income / common
equity18.67%13.20%7.00%net profit margin=net operating
income or EBIT/sales5.00%3.60%2.20%end of year share
prices$ 186.20$ 1,748.99$

20. 173.66TARGET201720162015Current ratio = total assets/total
libilities1.411.471.51debt/equity ratio = total
liability/shareholders equity242.00%211.00%194.00%free cash
flow3.89b4.41b2.65bearnings per share=net income-dividends
preferred stock/average outstaning shares$ 4.70$ 5.31$
(2.56)price earnings ratio=market value of share/earnings per
share15.3613.67-29.65return of equity = net income / common
equity24.4%25.9%17.5%net profit margin=net operating income
or EBIT/sales3.80%4.50%3.40%end of year share prices$
72.23$ 72.61$ 75.91GOODYEAR201620152014Current ratio
= total assets/total libilities1.401.341.32debt/equity ratio =
total liability/shareholders equity261.00%314.00%379.00%free
cash flow508m704m(583m)earnings per share=net income-
dividends preferred stock/average outstaning shares$ 4.75$
1.12$ 8.78price earnings ratio=market value of share/earnings
per share6.5029.173.22return of equity = net income / common
equity27.9%10.0%67.9%net profit margin=net operating income
or EBIT/sales8.40%2.30%13.90%end of year share prices$
30.87$ 32.67$ 28.5712/31/1612/31/1512/31/15