FedEx Services is a business that provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions that support transportation segments. Assume that you are asked to make the capital structure analysis for the FedEx company. Make a full analysis where you talk about:

- Debt/Equity (do they have more debt? equity? why?)

- Significant changes in debt and equity in the last 5 years (2016-2020)

- Regarding the debt, what types of debt do they have(bonds, commercial papers...), how much short-term and long-term debt do they have? what are the market value as well as the book value of this debt? Make an analysis of this debt breakdown (what does this breakdown indicate?)

Note: To make this analysis, use their annual reports for years 2016-2020 (https://investors.fedex.com/financial-information/annual-reports/default.aspx)