Presented below is the comparative income statement of Einstein Company for 2013 and 2012. Einstein Company Income Statement For the Year Ended April 30 2013 2012 Sales $185,501 $101,461 Cost of Goods Sold $119,609 $63,120 Gross Profit $65,892 $38,341 Operating Expenses: Advertising $3,600 $1,260 Bank Charges $590 $55 Communication $5,120 $3,830 Legal and Professional $5,090 $3,690 Utilities $3,267 $1,450 Rent Expense $3,620 $3,620 Repairs and Maintenance $3,350 $2,520 Salaries and Wages $2,820 $1,820 Transportation $3,010 $1,590 Interest $1,312 $536 Depreciation $1,510 $770 Total Operating Expenses $33,289 $21,141 Operating Profit before tax $32,603 $17,200 Income Tax $9,781 $5,160 Net Profit $22,822 $12,040 a) Calculate the following ratios for both years: Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. 2013 2012 EBIT Percentage to Sales Answer Answer Interest Coverage Ratio Answer Answer b) In which year does the company have a better performance with respect to the EBIT Percentage to Sales calculated in part a)? Year: Answer