The Simmons Corporation's income statement is given below SIMMONS CORPORATION Sales $233,000 137,000 Cost of goods sold Gross profit Fixed charges (other than interest) 96,000 31,800 64,200 19,800 Income before interest and taxes Interest 44,400 15,540 Income before taxes Taxes $28,860 Income after taxes 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