Required: 1). e. Describe, in no more than three lines, F edEx's business. Among FedEx's operating expenses as reported on the income statement, what type of expense accounted for the highest percentage? How is this different from a retail business like Staples? Explain. Which activities were providers and which activities were users of cash for F edEx in 2018: operating, investing, or nancing? Compare the sum of net incomes and the sum of cash provided by operating activities over the last three years. Which one is larger? Is this an expected answer? Explain. . What was F edEx's Return On Equity (ROE) for 2013? Return On Assets (ROA)? (Use average amounts when appropriate.) Appropriately break the ROE down to its main components (DuPont analysis). (No need to reformulate the statements and calculate NOPAT, RNOA or similar reformulation-based ratios.) In what year will F edEx deliver its rst package to the new Columbia Business School building in Manhattanville? Calculate the Receivables allowance as a percentage of the gross receivables at the end of scal 2017 and 2018. Speculate on possible reasons for such a big change. What was FedEx's total comprehensive income (loss) for 2018? What was the 1313681 component (in magnitude) of other comprehensive income (loss) in 2018? If we estimated Return on Equity as total comprehensive income to average common shareholders' equity, what would the ROE have been for 2018