The Lancaster Corporation's income statement is given below. LANCASTER CORPORATION 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 $ 256,000 181,000 $ 75,000 27,700 $ 47,300 13,200 $ 34,100 11,935 $ 22,165 a. What is the times-interest-earned ratio? (Round your answer to 2 decimal places.) Answer is complete and correct. Times interest earned 3.58 times b.What would be the fixed-charge-coverage ratio? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Fixed charge coverage 1.71 times