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According to one report, Kraft Foods Inc. sells enough Kool-Aid mix to make 4,500 litres of the drink every minute during the summer and over

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According to one report, Kraft Foods Inc. sells enough Kool-Aid mix to make 4,500 litres of the drink every minute during the summer and over 2.5 billion litres each year. Assume at December 31, 2017, the company reported no short-term investments but did report the following amounts (in millions) in its financial statements: 2017 2016 Total Asseto $13,300 $11.100 Total Liabilities 9,512 6,882 Interestixpense 310 310 Income Tax tpense 460 305 Het Income 1.090 1,010 Required: 1. Compute the debt-to-assets tatlo and times interest earned ratio for 2017 and 2016. (Round your answers to 2 decimal places.) 2017 2016 Debt-to-assets ratio Times interest Gamed ratio 2-a. Using the answers of requirement 1 determine whether, in 2017, creditors were providing a greater (or lesser) proportion of financing for Kraft's assets? O Lesser Greater 2-b. Using the answers of requirement 1 determine whether, in 2017, Kraft was more for less) successful at covering its interest costs, as compared to 2016? O More Less

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