EIU-TU 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 $46,000 32,200 Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income 2015 $36,500 21,500 240 580 1,050 340 920 1,820 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