hi$,$ can you helo me with Calculatingthe

following ratios for Year $2$:

$($a$)$ profit margin ratio

$($b$)$ gross margin ratio

$($c$)$ times interest earned.

Silverlight Company

Income Statements

For Years Ended December $31,$

Year $2$ Year $1$

Net sales $ $720,000$ $ $607,500$

Cost of goods sold $450,000382,700$

Gross profit $ $270,000$ $ $224,800$

Operating expense $168,500134,900$

Income from operations $ $101,500$ $ $89,900$

Interest expense $22,30011,200$

Income before taxes $ $79,200$ $ $78,700$

Income taxes $28,00027,000$

Net income $ $51,200$ $ $51,700$