Below are a recent income statement and statement of comprehensive income for FedEx (FDX), reformulate the income statement to calculate NOPAT and FEAT for fiscal year 2019. Assume FDX's marginal tax rate is 21.0%.

FEDEX CORPORATION CONSOLIDATED STATEMENTS OF INCOME (IN MILLIONS, EXCEPT PER SHARE AMOUNTS) Years ended May 31, 2019 2018 2017 REVENUES $ 69.693 S 65,450 S 60.319 OPERATING EXPENSES: Salaries and employee benefits 24,776 23,795 21,989 Purchased transportation 16.654 15.101 13,630 Rentals and landing fees 3,360 3,361 3,240 Depreciation and amortization 3,353 3.095 2,995 Fuel 3,889 3,374 Maintenance and repairs 2,773 2,834 2,622 2,374 Business realignment costs 320 Goodwill and other asset impairment charges 380 Other 10,041 9.450 8,752 5.227 51,178 65,753 OPERATING INCOME 4,466 OTHER (EXPENSE) INCOME: 4,272 4.566 Interest expense (588) (558) (512) Interest income 59 48 33 Other retirement plans (expense) income (3.251) 598 471 Other, net (31) (7) 21 3,811) 81 13 INCOME BEFORE INCOME TAXES 655 4,353 4,579 PROVISION FOR INCOME TAXES (BENEFIT) 115 (219) 1,582 NET INCOME 540 4,572 2.997 BASIC EARNINGS PER COMMON SHARE 2.06 17.08 11.24 DILUTED EARNINGS PER COMMON SHARE 2.03 16.79 11.07 FEDEX CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (IN MILLIONS) Years Ended May 31, 2019 NET INCOME 2018 2017 540 $ 4,572 2,997 OTHER COMPREHENSIVE LOSS: Foreign currency translation adjustments, net of tax benefit of $29 in 2019, tax expense of $16 in 2018 and tax expense of $52 in 2017 (195) (74) (171) Amortization of prior service credit and other, net of tax benefits of $28 in 2019, $37 in 2018 and $43 in 2017 (92) (89) (75) 287) (163) 246) COMPREHENSIVE INCOME 253 4,409 2,751