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At May 31, 2019, FOR Deliveries reported the following amounts (in millions) in its financial statements: Required: 1. Compute the debt-to-assets ratio and times interest
At May 31, 2019, FOR Deliveries reported the following amounts (in millions) in its financial statements: 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. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. (Round your answers to 2 decimal places.)
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