Using the income statement for Times Mirror and Glass Co., compute the following ratios: TIMES MIRROR AND GLASS Co. Income Statement Sales $ 219,000 Cost of goods sold 122,000 Gross profit $ 97,000 Selling and administrative expense 41,400 Lease expense 16,600 Operating profit* $ 39,000 Interest expense 9,700 Earnings before taxes $ 29,300 Taxes (30%) 11,720 Earnings after taxes $ 17,580 *Equals income before interest and taxes. 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 $171,000. 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.)