The Lancaster Corporation's income statement is given below. Sales LANCASTER CORPORATION $287,000 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 175,000 $112,000 29,400 $ 82,600 20,100 $ 62,500 21,875 $ 40,625 a. What is the times-interest-earned ratio? (Round your answer to 2 decimal places.) Times interest earned times b.What would be the fixed-charge-coverage ratio? (Round your answer to 2 decimal places.) Fixed charge coverage times