The Lockheed Martin Corp. and Northrop Grumman Corp. are two major defense contractors. A partial balance sheet for the end of a recent fiscal year is shown as follows (in millions):The interest expense, income tax expense, and net income (before unusual items) were as follows for both companies:1. Determine the total liabilities to total assets ratio for each company. Round to two decimal places. 2. Determine the number of times interest charges are earned for each company.3. Interpret yourresults.
The Lockheed Martin Corp and Northrop Grumman Corp are two