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

TIMES MIRROR AND GLASS COMPANY
Sales	$	244,000
Cost of goods sold		135,000
Gross profit	$	109,000
Selling and administrative expense		47,900
Lease expense		18,200
Operating profit*	$	42,900
Interest expense		8,300
Earnings before taxes	$	34,600
Taxes (30%)		13,840
Earnings after taxes	$	20,760
*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 $240,000. 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.)