(a) Need help compute the interest coverage ratio

(B) Compute the fixed charge coverage ratio

Using the income statement for Times Mirror and Glass Co., compute the following ratios: TIMES MIRROR AND GLASS Co Income Statement Sales Cost of goods sold 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 $ 223,000 130,000 $ 93,000 44,000 19,100 $ 29,900 10,600 $ 19,300 7.720 $ 11,580 a.Compute the interest coverage ratio. (Round your answer to 2 decimal places.) Interest coverage times b.Compute the fixed charge coverage ratio. (Round your answer to 2 decimal places.) Fixed charge coverage times