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 (in millions) in its financial statements: 2016 $12,900 9,933 180 230 1,120 2015 $11,840 8,880 Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income 225 900 Required: 1.Compute the debt-to-assets ratio and times interest earned ratio for 2016 and 2015. (Round your answers to 2 decimal places.) 2016 2015 Debt-to-Assets Times Interest Earned Ratio 2-a. Creditors were providing a greater (or lesser) proportion of financing for FedEx's assets in 2016 as compared to 2015? W U oogle MCA Formatting ... https://web.archiv... apter 10 Homework i Required: 1.Compute the debt-to-assets ratio and times interest earned ratio for 2016 and 2015. (Round your answers to 2 decimal pla 2016 2015 eBook Debt-to-Assets Times Interest Earned Ratio Hint Print References 2-a. Creditors were providing a greater (or lesser) proportion of financing for FedEx's assets in 2016 as compared to 2015? Greater Lesser 2-b. FedEx Incorporated was more or less) successful at covering its interest costs, as compared to 2015? More Less