LANCASTER LUKPURATION 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 a. What is the times-interest-earned ratio? Note: Round your answer to 2 decimal places. Times interest earned 88.00 times b. What would be the fixed-charge-coverage ratio? Note: Round your answer to 2 decimal places. Fixed charge coverage 88.00 times $ 234,000 175,000 $ 59,000 33,000 $ 26,000 17,300 $ 8,700 3,045 $ 5,655