P7-3 Sherwill's statement of consolidated income is as follows: Net Sales $658 Other Income 8 666 Cost and expenses Cost of products sold 418 Selling, general, and administrative expenses 196 Interest 16 630 Income before income taxes and extraordinary charges 36 Income Taxes 18 Income before extraordinary 18 images Extraordinary charge - losses on tornado damage (net) 4 Net Income $14 Note: Depreciation expense totals $200; operating lease payments total $150; and preferred dividends total $50. Assume that one-third of operating lease payments is for interest. Required: A. Compute the times interest earned. B. Compuate the fixed charge covereage