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At May 31, 2019, Tagalog Transport Services reported the following amounts (in millions) in its...

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Accounting

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At May 31, 2019, Tagalog Transport Services reported the following amounts (in millions) in its financial statements: Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income 2019 $ 64,000 38,400 686 140 690 2018 $ 62,000 34, 720 660 245 5,466 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 Tagalong's assets? 2-b. In 2019, was Tagalong more or less) successful at covering its interest costs, as compared to 2018? Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. (Round your answers to 2 decimal places.) 2019 2018 Debt-to-Assets Times Interest Earned Ratio In 2019, were creditors providing a greater (or lesser) proportion of financing for Tagalong's assets? O Greater Lesser In 2019, was Tagalong more or less) successful at covering its interest costs, as compared to 2018? More Loss

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