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Fast Shipping provides a broad range of transportation, e-commerce and business services. The following data were taken from the company's 2019 annual report. All dollar
Fast Shipping provides a broad range of transportation, e-commerce and business services. The following data were taken from the company's 2019 annual report. All dollar amounts are in millions. Account Title Current assets Total assets Current liabilities Total liabilities Interest expense Income tax expense (benefit) Net income Fiscal Years Ending December 31, 2019 December 31, 2018 $13,602 $13,724 54,211 52,662 9,370 9,283 36,355 32,183 514 569 114 (277) 587 4,529 Required a. Calculate the EBIT for each year. b. Calculate the times-interest-earned ratio for each year. c. Calculate the current ratio and debt-to-assets ratio for each year
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