What are the steps to analyzing and interpreting and capitalizing operating leases?

Please don’t solve this, just provide me with an example because Im not getting it.

Extra Credit #2 is Module 10, P-30, Analyzing, Interpreting and
Capitalizing Operating Leases (LO1)
P10-30. Analyzing, Interpreting and Capitalizing Operating Leases (LO1)
FedEx Corp. reports total assets of $24,902 and total liabilities of $11,091 for 2013 ($ millions).
Its 10-K report has the following footnote related to leasing activities.

Required
a. What is the balance of lease assets and lease liabilities reported on FedEx’s balance sheet?
Explain.
b. Assume FedEx uses a rate of 4.8% to discount its capital leases. Use this discount rate and
round the remaining lease life to two decimals to estimate the amount of assets and liabilities that
FedEx fails to report as a result of its off-balance-sheet lease financing.
c. What adjustments would we make to FedExs income statement corresponding to the
adjustments we make to its balance sheet in part b?
d. Indicate the direction (increase or decrease) of the effect that capitalizing the operating leases
would have on the following financial items and ratios for FedEx: return on equity (ROE), net
operating profit after tax (NOPAT), net operating assets (NOA), net operating profit margin
(NOPM), net operating asset turnover (NOAT), and measures of financial leverage.
e. What portion of total lease liabilities did FedEx report on-balance-sheet and what portion is
off-balance-sheet?
f. Based on your analysis, do you believe that FedEx’s balance sheet adequately reports its
aircraft and facilities assets and related obligations? Explain