At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial statements:

	2016				2015
Total Assets		$	13,700			$	11,500
Total Liabilities			9,453				7,705
Interest Expense			360				360
Income Tax Expense			750				740
Net Income			1,140				1,060

Required:

1. 1.Compute the debt-to-assets ratio and times interest earned ratio for 2016 and 2015. (Round your answers to 2 decimal places.)

1. 2-a. Creditors were providing a greater (or lesser) proportion of financing for FedExs assets?

• Greater

• Lesser

1. 2-b. FedEx Incorporated was more (or less) successful at covering its interest costs, as compared to 2015?