The Simmons Corporation's incone statement is given below SIMMONS CORPORATION $233,990 Sales Cost of goods sold 137,000 Gross profit Fixed charges (other than 96,00e 31,800 interest) Income before interest and taxes Interest 64, 200 19, 800 Income before taxes Taxes 44,400 15,540 $28,860 Income after taxes a. What is the times interest earned ratio? (Round the final answer to 2 decimal places.) Times interest earned 7x b. What would be the fixed charge coverage ratio? (Round the final answer to 2 decimal places.)