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

	2020			2019
Total Assets	$	13,320		$	12,200
Total Liabilities		8,658			7,686
Interest Expense		320			320
Income Tax Expense		420			340
Net Income		1,100			1,020

Required: 1. 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 Krafts assets?

multiple choice 1

Greater

Lesser