1 Using the income statement for Times Mirror and Glass Co., compute the following ratios: Print TIMES MIRROR AND GLASS COMPANY Sales Cost of goods sold $293,000 154,000 $139,000 Gross profit Selling and administrative expense Lease expense Operating profit* Interest expense Earnings before taxes Taxes (30%) Earnings after taxes. *Equals income before interest and taxes. 49,700. 19,900 $ 69,400 7,300 $ 62,100 24,840 $ 37,260 a. Compute the interest coverage ratio. (Round your answer to 2 decimal places.) Interest coverage 9.51 times 1 Print c. Compute the profit margin ratio. (Input your answer as a percent rounded to 2 decimal places.) Profit margin 12.72 % d. Compute the total asset turnover ratio. (Round your answer to 2 decimal places.) Total asset turnover times e. Compute the return on assets (investment). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on assets %