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At May 31, 2019, FOR Deliveries reported the following amounts (in millions) in its financial statements: Total Assets Total Liabilities Interest Expense Income Tax Expense
At May 31, 2019, FOR Deliveries reported the following amounts (in millions) in its financial statements: Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income 2019 $ 70,000 2018 $ 68,000 46,200 42,160 736 750 155 260 780 6,275 Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. 2-a. In 2019, were creditors providing a greater (or lesser) proportion of financing for FOR's assets? 2-b. In 2019, was FOR more (or less) successful at covering its interest costs, as compared to 2018? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. (Round your answers to 2 decimal places.) 2019 2018 Debt-to-Assets Times Interest Earned Ratio Req 1 Req 2A > Complete this question by entering your answers in the tabs below. Req 1 ReqEA Req 28 In 2019, were creditors providing a greater (or lesser) proportion of financing for FOR's assets? Greater Lesser Complete this question by entering your answers in the tabs below. Req 1 Req 2A Rea B In 2019, was FOR more (or less) suci Req 2B covering its interest costs, as compared to 2018? More OLess
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