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 (308) Earnings after taxes *Equals income before interest and taxes $291,000 172,000 $119,000 45,800 13,300 $ 59,900 8,300 $ 51,600 20,640 $ 30,960 a. Compute the interest coverage ratio. (Round your answer to 2 decimal places.) Answer is complete and corre Interest coverage 7.21 0 b. Compute the fixed charge coverage ratio. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Fixed charge coverage 4.50 times The total assets for this company equal $236,000. 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.) points Profit margin d. Compute the total asset turnover ratio. (Round your answer to 2 decimal places.) Total asset tumover times e. Compute the return on assets (investment). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on assets De 9 of 12 ! Next >