SalesCost of goods sold$$248,000146,000$Gross profitFixedcharges $($other than interest$)102,00027,900$Income before interest and taxesInterest$74,10013,100$Income before taxesTaxes$61,00021,350$Income after taxes$$39,650$FIN$2230$ Chapter $3$ AssignmentSaved$7$The Simmons Corporation's income statement is given below.a$.$ What is the times interest earned ratio? $($Round the final answer to $2$ decimal places.$)$Times interest earnedb. What would be the fixed charge coverage ratio?