Review your organization’s Balance Sheet or the Fedex 2014 Annual Report (pp 42-46 and notes begin p. 47). Discuss your general insights in addition to one of the following: Option 1) Choose a line item from the Balance Sheet and describe it in detail. What insights could be drawn from this and the “Notes to the Financial Statement”? Also check for this item in the “Notes to the Financial Statement” (usually presented in an Annual Report or 10K immediately after the Financial Statements) which may include more detailed information as well as any accounting policy choices that can affect it (such as depreciation method, bad debt expense method, inventory valuation, etc.) •What was the trend? •What does this mean for the organization (what steps might management need to take, how does it impact overall strategy)? OR Option 2) Choose a financial ratio that applies to the balance sheet (e.g.: Current Ratio, Debt to Equity ratio, Inventory Turnover, etc.). Describe the ratio. •What does the ratio measure? •Is a large number good or bad? •How is it trending? •What does your analysis indicate about the company (what steps might management need to take, how does it impact overall strategy)?