Using the below information from Aquatic Informatics$$ income statement, calculate their

Times Interest Earned Ratio and Fixed Coverage Ratio.

Aquatic Informatics

Sales $$251,000$

Cost of goods sold $135,000$

Gross profit $116,000$

Fixed charges $($other than interest$)24,300$

Income before interest and taxes $91,700$

Interest $19,400$

Income before taxes $72,300$

Taxes $25,305$

Income after taxes $$46,995$