At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial statements: 20162015 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 2016 and 2015. (Round your answers to 2 decimal places.)
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At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial sta...
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