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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
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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