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At April 30, 2013, H. J. Klehr Incorporated reported the following amounts (in millions) in its financial statements: 2013 2012 Total Assets $ 13,100 $
At April 30, 2013, H. J. Klehr Incorporated reported the following amounts (in millions) in its financial statements: 2013 2012 Total Assets $ 13,100 $ 12,200 Total Liabilities 7,991 7,198 Interest Expense 280 280 Income Tax Expense 410 210 Net Income 1,060 980 Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2013 and 2012. (Round your answers to 2 decimal places.)
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