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At May 31, 2019, Tagalong Transport Services reported the following amounts (in millions) in its financial statements: 2019 2018 Total Assets $ 64,000 $ 62,000

At May 31, 2019, Tagalong Transport Services reported the following amounts (in millions) in its financial statements:

2019 2018
Total Assets $ 64,000 $ 62,000
Total Liabilities 38,400 34,720
Interest Expense 686 660
Income Tax Expense 140 245
Net Income 690 5,466

Required:

1. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018.

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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