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. Interest coverage a. Compute the interest coverage ratio. (Round your answer to 2 decimal places.) 9.15 times Fixed charge coverage $270,000 130,000 $140,000 43,200 11,700 $ 85,100 9,300 $ 75,800 30,320 $ 45,480 b. Compute the fixed charge coverage ratio. (Round your answer to 2 decimal places.) 4.61 times

Using the income statement for Times Mirror and Glass Co., compute the following ratios: 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 $205,000. 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.)