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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 $ 13,250 $

At April 30, 2013, H. J. Klehr Incorporated reported the following amounts (in millions) in its financial statements:

2013 2012
Total Assets $ 13,250 $ 11,850
Total Liabilities 10,335 9,006
Interest Expense 170 170
Income Tax Expense 160 195
Net Income 1,030 910

Required:
1.

Compute the debt-to-assets ratio and times interest earned ratio for 2013 and 2012. (Round your answers to 2 decimal places.)

debt-to-assets:

times interest earned ratio:

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