Question: At May 3 1 , 2 0 1 9 , FedEx Corporation reported the following amounts ( in millions ) in its financial statements:

 At May 31,2019, FedEx Corporation reported the following amounts (in millions)
At May 31,2019, FedEx Corporation reported the following amounts (in millions) in its financial statements:
\table[[,2019,2018],[Total Assets,54,400,52,330],[Total Liabilities,36,600,32,900],[Interest Expense,590,560],[Income Tax Expense,115,220],[Net Income,540,4,570]]
Required:
1.Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018.
2-a. In 2019, were creditors providing a greater (or lesser) proportion of financing for FedEx's assets?
2-b. In 2019, was FedEx more (or less) successful at covering its interest costs, as compared to 2018?
Complete this question by entering your answers in the tabs below.
Req 1
Req 2B
Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018.(Round your answers to 2 decimal places.)
\table[[,2019,2018],[Debt-to-Assets,,],[Times Interest Earned Ratio,,]]
in its financial statements: \table[[,2019,2018],[Total Assets,54,400,52,330],[Total Liabilities,36,600,32,900],[Interest Expense,590,560],[Income Tax Expense,115,220],[Net Income,540,4,570]] Required:

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