Using the income statement for Times Mirror and Glass Company, compute the following ratios TIMES MIRROR AND GLASS COMPANY Sales Cost of goods sold $ 277,000 165,000 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. a. Compute the interest coverage ratio. Note: Round your answer to 2 decimal places. Interest coverage times b. Compute the fixed charge coverage ratio. Note: Round your answer to 2 decimal places. Fixed charge coverage times $ 112,000 43,200 13,500 $ 55,300 10,100 $ 45,200 18,080 $ 27,120 b. Compute the fixed charge coverage ratio. Note: Round your answer to 2 decimal places. Fixed charge coverage times The total assets for this company equal $211,000. Set up the equation for the DuPont system of ratio analysis, and answer the following questions. c. Compute the profit margin ratio. Note: Input your answer as a percent rounded to 2 decimal places. Profit margin % d. Compute the total asset turnover ratio. c. Compute the profit margin ratio. Note: Input your answer as a percent rounded to 2 decimal places. Profit margin % d. Compute the total asset turnover ratio. Note: Round your answer to 2 decimal places. Total asset turnover times e. Compute the return on assets (investment). Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. Return on assets %