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At May 31, 2019, FOR Deliveries reported the following amounts (in millions) in its financial statements: 2019 $ 70,000 46,200 Total Assets Total Liabilities Interest
At May 31, 2019, FOR Deliveries reported the following amounts (in millions) in its financial statements: 2019 $ 70,000 46,200 Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income 736 155 780 2018 $ 68,000 42,160 750 60 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?
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