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At May 31, 2019, Mishra Corporation reported the following amounts (in millions) in its financial statements: Total Assets Total Liabilities Interest Expense Income Tax Expense
At May 31, 2019, Mishra Corporation reported the following amounts (in millions) in its financial statements: Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income 2019 $ 58,eee 31,320 626 12e 600 2018 $ 56,880 28,888 570 225 4,673 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 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. Reg 1 Reg 2A Reg 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
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