Chapter 10 Homework E10-10 Calculating and Interpreting the Debt-to-Assets Ratio and Times Interest Earned Ratio (LO 11 At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial statements: 1.47/2.21 points awarded Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income 2016 $46,000 32,200 340 920 1,820 2015 $36,500 21,500 240 580 1,050 Scored Required: eBook 1. Compute the debt-to-assets ratio and times interest earned ratio for 2016 and 2015. (Round your answers to 2 decimal pla Hint 2016 2015 Debt-to-Assets Times Interest Earned Ratio 70.00 X 58.90 9.06 7.79 Print of References 2-a. Creditors were providing a greater (or lesser) 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