Assume at December 31, 2020, Kraft Heinz Foods Inc. reported the following amounts (in millions) in its financial statements: 2020 2019 Total Assets $ 12,920 $ 11,600 Total Liabilities 9,044 7,888 Interest Expense 250 250 Income Tax Expense 400 380 Net Income 1,150 1,070 Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2020 and 2019. (Round your answers to 2 decimal places.)

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