The Simmons Corporation's income statement is given below. SIMMONS CORPORATION Sales Cost of goods sold $260,000 198,000 62,000 27,000 Gross profit Fixed charges (other than interest) Income before interest and taxes Interest 35,000 12,400 5 Income before taxes Taxes 22,600 7,910 Income after taxes $14,690 a. What is the times interest earned ratio? (Round the final answer to 2 decimal places.) Times interest earned b. What would be the fixed charge coverage ratio? (Round the final answer to 2 decimal places.) Fixed charge coverage X