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Using the income statement for Times Mirror and Glass (30., compute the following ratios: TIMES MIRROR AND GLASS COMPANY Sales $ 278,833 Cost of goods sold 138,833 Gross profit $ 148,833 Selling and administrative expense 43,283 Lease expense 11,783 Operating profit* $ 85,183 Interest expense 9,383 Earnings before taxes $ 75,883 Taxes (33%) 38,323 Earnings after taxes $ 45,483 *Equals income before interest and taxes. a. Compute the interest coverage ratio. (Round your answer to 2 decimal places.) interest coverage I times b. Compute the fixed charge coverage ratio. (Round your answer to 2 decimal places.) Fixed charge coverage I times c. Compute the prot margin ratio. (Input your answer as a percent rounded to 2 decimal places.) Prot margin I 9%. d. Compute the total asset turnover ratio. {Round your answer to 2 decimal places.) Total asset turnover I times e. Compute the return on assets (investment). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on assets I '96