Assume at December $31,2020,$ Kraft Heinz Foods Inc. reported the following amounts $($in millions$)$ in its financial statements:

Required:

Compute the debt$-$to$-$assets ratio and times interest earned ratio for $2020$ and $2019.($Round your answers to $2$ decimal places.$)$

$2-$a$.$ Using the answers of requirement $1$ determine whether, in $2020,$ creditors were providing a greater $($or lesser$)$ proportion of

financing for Kraft's assets?

Greater

Lesser

$2-$b$.$ Using the answers of requirement $1$ determine whether, in $2020,$ Kraft was more $($or less$)$ successful at covering its interest costs,

as compared to $2019?$

Less

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