Question: At May 3 1 , 2 0 2 2 , FedEx Corporation reported the following amounts ( in millions ) in its financial statements: Required:
At May FedEx Corporation reported the following amounts in millions in its financial statements:
Required:
Compute the debttoassets ratio and times interest earned ratio for and
a In were creditors providing a higher or lower proportion of financing for FedEx's assets?
b In was FedEx more or less successful at covering its interest costs, as compared to
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Req
Req A
Compute the debttoassets ratio and times interest earned ratio for and
Note: Round your answers to decimal places.
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