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At May 31, 2019, Timberwolf Transfers reported the following amounts (in millions) in its financial statements: 2019 Total Assets Total Liabilities Interest Expense Income
At May 31, 2019, Timberwolf Transfers reported the following amounts (in millions) in its financial statements: 2019 Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income Required: $ 61,000 2018 $ 59,000 34,770 31,270 661 620 130 235 650 5,112 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 Timberwolf's assets? 2-b. In 2019, was Timberwolf 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 decima places.) Debt-to-Assets Times Interest Earned Ratio 2019 2018
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