FedEx Corporation provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services.

Question:

FedEx provides customers and businesses worldwide with a broad of transportation, e-commerce, and business services. In the year ended May 31, 2011, FedEx had revenues of $39,304 million and total expenses of $37,852 million. FedEx Corporation’s retained earnings were $13,966 million at the beginning of the year and $15,266 million at the end of the year.
1. Compute FedEx Corporation’s net income (loss) for the year ended May 31, 2011.
2. Compute the amount of cash dividends declared by FedEx during the year ended May 31, 2011.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...