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: Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income 2017 2016 $13,600 $11,400 9,248 7,524 350 350 690 700 1,130 1,050 Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2017 and 2016. (Round your answers to 2 decimal places.) 2017 2016 Debt-to-assets ratio Times interest earned 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 Greater Lesser 2-b. Using the answers of requirement 1 determine whether, in 2017, Kraft was more (or less) successful at covering its interest costs, as compared to 2016? O More O Less