es The income statement for the Sports Car Tire Company is given below. THE SPORTS CAR TIRE COMPANY Sales $20,000 Less: Cost of goods sold 9,000 Gross profit 11,000 Less: Selling and administrative expense 4,000 Less: Lease expense 1,000 Operating profit* 6,000 Less: Interest expense 500 Earnings before taxes Less: Taxes (40%) Earnings after taxes 5,500 2,200 $3,300 *Equals income before interest and taxes The total assets for this company equal $40,000. Set up the formula for the DuPont system of ratio analysis, and compute c, d, and e. Compute the following ratios: (Round the final answers to 2 decimal places.) a. The interest coverage b. The fixed charge coverage c. Profit margin d. Total asset turnover e. Return on assets (investment) X X % %