Question
(c) Compute times interest earned ratio, cash from operations to total debt ratio, and free operating cash flow to total debt ratios. Financial statements included
(c) Compute times interest earned ratio, cash from operations to total debt ratio, and free operating cash flow to total debt ratios. Financial statements included the following footnote: Included in Interest expense (income), net was interest income related to the Companys investment portfolio of $82 million and $70 million for the years ended May 31, 2019 and 2018, respectively.\ Note: For part c, define EBIT as operating income calculated as Gross profit less Total selling and administrative expense.\ Note: Round answers to two decimal places.\
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