I was looking at FedEx financial statements for 2019 to calculate inventory turnover but there was no information on cost of goods sold to calculate this and also payables days was difficult to calculate due to no purchases,what can l do
Does Fedex hold material inventory? Based on my knowledge, Fedex is a service provider. You need to calculate and analyse the only relevant ratios and don’t just dump everthing in your research. Moderators find these things annoying. Cheers!