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At May 31, 2016. FedEx Corporation reported the following amounts on millions) in its financial statements Toti Aset Total abilities Interest Expense Income Tax Expense

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At May 31, 2016. FedEx Corporation reported the following amounts on millions) in its financial statements Toti Aset Total abilities Interest Expense Income Tax Expense Net Income 2016 $12,920 9.00 250 000 1150 2015 $11,600 7,888 250 1,070 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 2018 Doblo Assots Times Interest Eamed Ratio 2-o. Creditors were providing a greater (or lesser) proportion of financing for FedEx's assets? Greater Lesset 2-b, FedEx Incorporated was more for less) successful at covering its Interest costs as compared to 2015

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