Using the income statement for Times Mirror and Glass Co., compute the following ratios: TIMES MIRROR AND GLASS COMPANY Sales Cost of goods sold Gross profit Selling and administrative expense Lease expense Operating profit* Interest expense Earnings before taxes Taxes (30%) Earnings after taxes *Equals income before interest and taxes. $ 266,000 161,000 $ 105,000 46,400 13,300 $ 45,300 7,300 $ 38,000 15,200 $ 22,800 a. Compute the interest coverage ratio. (Round your answer to 2 decimal places.) Interest coverage times b. Compute the fixed charge coverage ratio. (Round your answer to 2 decimal places.) Fixed charge coverage times