abilities G Saved Help Save E10-10 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 2015 Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income $46,000 $36,500 32,200 21,500 240 580 1,820 1,050 340 920 Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2016 and 2015. (Round your answers to 2 decimal places.) 2015 Times Interest Eamed Ratio 2-a. Creditors were providing a greater (or lesser) proportion of financing for FedEx's assets? Greater Lesser Prex 2 of 4 Next > Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2016 and 2015. (Round your answers to 2 decimal places.) Times Interest Eamed Ratio 2-a. Creditors were providing a greater (or lesser) proportion of financing for FedEx's assets? O Greater Lesser 2-b. FedEx was more (or less) successful at covering its interest costs, as compared to 2015? More Less