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At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial statements 2016 2015 Total Assets Total Liabilities Interest Expense Income

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At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial statements 2016 2015 Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income $13,320 $12,200 7,686 320 340 1,020 8,658 320 420 1,100 Required 1.Compute the debt-to-assets ratio and times interest earned ratio for 2016 and 2015. (Round your answers to 2 decimal places.) 2016 2015 Debt-to-Assets Times Interest Earned Ratio 2-a. Creditors were providing a greater (or lesser) proportion of financing for FedEx's assets? O Greater Lesser 2-b. FedEx Incorporated was more (or less) successful at covering its interest costs, as compared to 2015? O More O Less

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