DS Excel for Excel fx Block, Hirt, and Danielsen Excel Excel for The Lancaster Corporation's income statement is given below. a. What is the times-interest-eared ratio? b. What would be the fixed-charge-coverage ratio? LANCASTER CORPORATION Sales Cost of goods sold Gross profit Fixed charges (other than interest) Income before interest and taxes Interest Income before taxes Taxes (35%) Income after taxes $2,46,000 1,22,000 $1,24,000 27,500 $96,500 21,800 $74,700 26,145 $48,555 Excel Excel Excel for the > = Home Problem 3-22 Problem 3-23 Problem 3-24 Problem 3-36 Problem 3-37 + CijumMedautomatic Workbook Statistics