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Question 7 of 8 - 71 View Policies Current Attempt in Progress Open Text Corporation's financial statements contain the following selected data (in U.S. $
Question 7 of 8 - 71 View Policies Current Attempt in Progress Open Text Corporation's financial statements contain the following selected data (in U.S. $ millions): 2019 2018 Total assets Total liabilities $7,934 4,049 286 $7,765 4,048 242 Net Income 155 144 Income tax expense Interest expense 137 139 (a) Calculate the debt to total assets and times interest earned ratios for 2019 and 2018. (Round answers to 1 decimal place, eg. 17.5% or 6.3.) 2019 2018 Debt to total assets % % Times interest earned times times Did Open Text's solvency improve or deteriorate in 2019? e Textbook and Media
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