Ch. 10 Liabilities Check my work mode: This shows what is correct or Incorrect for the work y 2 E10-10 Calculating and Interpreting the Debt-to-Assets Ratio and Times Interest Earned Ratio [LO 10-5) At May 31, 2016, FedEx Corporation reported the following amounts on miions) in its financial statements points 20162015 $46,880 $36,see 32, 200 21,5ee Total Assets Total Liabilities Interest Expense Incone Tax Expense Net Incone 340 920 240 1,8201,50 Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2016 and 2015. (Round your answers to 2 decimal places.) 3 Answer is complete but not entirely correct 070 0.60 905 01 7800 Debl-to-Assets Times Interest Earned Ratio 2-8. Creditors were providing a greater (or lessen) proportion of financing for FedEx's assets? Greater Lesser 2.-b. FedEx was more (or less) successful at covering its interest costs, as compared to 2015? More Less K Prey 2 of 4