Loblaw Companies Limited reported the following selected information (in millions):

		Jan. 3, 2017		Dec. 28, 2016
Total assets		$35,106		$34,436
Total liabilities		22,054		21,408
Interest expense		451		459
Income tax expense		443		449
Profit		1,526		990

Calculate Loblaws debt to total assets and interest coverage ratios for each year. (Round answers to 1 decimal place, e.g. 52.7 or 52.7%.)

		2017			2016
Debt to total assets			%			%
Interest coverage			times			times

Based on the ratios calculated in part (a), what conclusions can you make about Loblaws solvency?

ImprovedDeteriorated