Problem 3-24 Debt utilization and Du Pont system of analysis (LO3-3] Using the income statement for Times Mirror and Glass Co., compute the following ratios: TIMES MIRROR AND GLASS COMPANY 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. $ 270, eee 130, eee $ 148, 880 43,200 11,789 $ 85, 189 9,380 $ 75,800 30,320 $ 45,480 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 The total assets for this company equal $205.000. 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.) Profit margin d. Compute the total asset turnover ratio. (Round your answer to 2 declmal places.) Total asset turnover 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