The Simmons Corporation's income statement is given below. SIMMONS CORPORATION Sales Cost of goods sold ok $251,000 135,000 aces Gross profit Fixed charges (other than interest) 116,000 24,300 Income before interest and taxes Interest 91,700 19,400 Income before taxes Taxes 72,300 25,305 Income after taxes $46,995 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