E10-10 At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial statements: 2016 2015 Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income $46,000 32,200 340 920 1,820 $36,500 21,500 240 580 1,050 Required (1) Compute the debt-to-assets ratio and times interest earned ratio (to two decimal places) for 2016 and 2015. (2) Use your answers to requirement 1 to determine whether, in 2016, (a) creditors were providing a greater (or lesser) proportion of financing for FedEx's assets and (b) FedEx was more (or less) successful at covering its interest costs, as compared to 2015