Using the income statement for Times Mirror and Glass Company below, compute the following ratios: a. The interest coverage. b. The fixed charge coverage. The total assets for this company equal $80,000. Set up the equation for the DuPont system of ratio analysis, and compute the answer to part c below using ratio 2 b. on page 59 in the text. c. Return on assets (investment). TIMES MIRROR AND GLASS COMPANY Income Statement Sales $126,000 Less: Cost of goods sold 93,000 Gross profit $33,000 Less: Selling and administrative expense 11,000 Less: Lease expense 4,000 Operating profit* $18,000 Less: Interest expense 3,000 Earnings before taxes $15,000 Less: Taxes (40%) 4,500 Earnings after taxes $10,500