7 The Simmons Corporation's income statement is given below. SIMMONS CORPORATION Sales Cost of goods sold Gross profit Fixed charges (other than interest) Income before interest and taxes Interest Income before taxes Taxes Income after taxes Times interest earned $256,000 181,000 X Fixed charge coverage 75,000 27,700 47,300 13, 200 a. What is the times interest earned ratio? (Round the final answer to 2 decimal places.) 34,100 11,935 $22,165 b. What would be the fixed charge coverage ratio? (Round the final answer to 2 decimal places.)

The Simmons Corporation's income statement is given below. a. What is the times interest earned ratio? (Round the final answer to 2 decimal ploces.) Times interest earned b. What would be the fixed chargecoverage ratio? (Round the final onswer to 2 decimol places.) Fined charge coverage