The following summary data are from the May 31, 2007, balance sheet of FedEx. All numbers are in millions. Total current assets $6,629 Property, plant and equipment (net) 12,636 Other long-term assets 4,735 Total assets $24,000 Current liabilities $5,428 Long-term debt 2,007 Other long-term liabilities 3,909 Total liabilities $11,344 Stockholder's equity $12,656 Total sales $35,214 A summary of future minimum lease payments under capital leases at May 31, 2007, if as follows (in millions): Capital Leases 2008 $103 2009 13 2010 97 2011 8 2012 8 Thereafter 137 $366 Less amount representing interest 58 Present value of net minimum lease payments $308 A summary of future minimum lease payments under non-cancelable operating leases with an initial or remaining term in excess of one year at May 31, 2007, is as follows (in millions): Operating Leases Aircraft and Related Equipment Facilities and Other Total 2008 $602 $1,078 $1,680 2009 555 926 1,481 2010 544 753 1,297 2011 526 617 1,143 2012 504 506 1,010 Thereafter 3,430 3,322 6,752 Total minimum payments $6,161 $7,202 $13,363 Instructions: Compute the following ratio values. 1. Debt ratio (total liabilities/total assets) 2. Debt ratio assuming that FedEx's operating leases are accounted for as capital leases. 3. Asset turnover (sales/total assets). 4. Asset turnover assuming that FedEx's operating leases are accounted for as capital leases