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

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At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial statements! Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income 2016 $13,380 8,512 310 460 1,090 2015 $11,100 6,882 31e 385 1,010 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 Debtto-Assets Times Interest Earned Ratio

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