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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 IncomeTax

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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 IncomeTax Expense Net Income $14,100 $11,800 10,293 8,378 220 275 220 250 1,180 Required 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

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