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Using the income statement for Times Mirror and Glass Co., compute the following ratios: TIMES MIRROR...

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

TIMES MIRROR AND GLASS Co.
Income Statement
Sales $ 220,000
Cost of goods sold 131,000
Gross profit $ 89,000
Selling and administrative expense 44,500
Lease expense 14,200
Operating profit* $ 30,300
Interest expense 10,400
Earnings before taxes $ 19,900
Taxes (30%) 7,960
Earnings after taxes $ 11,940
*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 $215,000. 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.)

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