The income statement for the Sports Car Tire Company is given below. THE SPORTS CAR TIRE COMPANY Sales Lessi Cost of goods sold $20, eee 9,000 Gross profit Less: Selling and administrative expense Less Lease expense 11,000 4.ee 1,080 es Operating profit Less Interest expense 6,000 see Earnings before taxes Less Taxes (484) 5.See 2,200 Earnings after taxes $3,300 Equals income before interest and taxes The total assets for this company equal $40,000. Set up the formula for the DuPont system of ratio analysis and compute c. Compute the following ratlos: (Round the final answers to 2 decimal places.) hinterest coverage be fixed chang coverage at an in the turnover Retet vesti