Using the income statement for Times Mirror and Glass Co., compute the following ratios: TIMES MIRROR AND GLASS Co. Income Statement Sales $ 277,000 Cost of goods sold 165,000 Gross profit $ 112,000 Selling and administrative expense 43,200 Lease expense 13,500 Operating profit* $ 55,300 Interest expense 10,100 Earnings before taxes $ 45,200 Taxes (30%) 18,080 Earnings after taxes $ 27,120 *Equals income before interest and taxes. a.Compute the interest coverage ratio. (Round your answer to 2 decimal places.) b.Compute the fixed charge coverage ratio. (Round your answer to 2 decimal places.) The total assets for this company equal $211,000. Set up the equation for the Du Pont system of ratio analysis. c.Compute the profit margin ratio. (Input your answer as a percent rounded to 2 decimal places.) d.Compute the total asset turnover ratio. (Round your answer to 2 decimal places.) e. Compute the return on assets (investment). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)