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

TIMES MIRROR AND GLASS Co. Income Statement
Sales	$	220,000
Cost of goods sold		131,000
Gross profit	$	89,000
Selling and administrative expense		44,500
Lease expense		14,200
Operating profit*	$	30,300
Interest expense		10,400
Earnings before taxes	$	19,900
Taxes (30%)		7,960
Earnings after taxes	$	11,940
*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 $215,000. 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.)