Using the income statement for Times Mirror and Glass Co., compute the following ratios:

TIMES MIRROR AND GLASS Co. Income Statement
Sales	$	281,000
Cost of goods sold		169,000
Gross profit	$	112,000
Selling and administrative expense		44,800
Lease expense		17,500
Operating profit*	$	49,700
Interest expense		8,100
Earnings before taxes	$	41,600
Taxes (30%)		16,640
Earnings after taxes	$	24,960
*Equals income before interest and taxes.
a.Compute the interest coverage ratio. (Round your answer to 2 decimal places.) 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.)