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At May 31, 2019, Mishra Corporation reported the following amounts (in millions) in its financial statements: Total Assets Total Liabilities 2019 $ 66,000 2015
At May 31, 2019, Mishra Corporation reported the following amounts (in millions) in its financial statements: Total Assets Total Liabilities 2019 $ 66,000 2015 $ 64,000 Interest Expense Income Tax Expense Net Income Required: 40,920 703 37,120 690 145 250 720 5,735 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 Mishra's assets? 2-b. In 2019, was Mishra 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.) Debt-to-Assets Times Interest Earned Ratio 2019 2018 < Req 2A >
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