Business, 19.07.2021 16:10, ellllaaaxx

Using the income statement for Times Mirror and Glass Co., compute the following ratios: TIMES MIRROR AND GLASS Co.
Income Statement
Sales $ 281,000
Cost of goods sold 169,000
Gross profit $ 112,000
Selling and administrative expense 44,800
Lease expense 17,500
Operating profit* $ 49,700
Interest expense 8,100
Earnings before taxes $ 41,600
Taxes (30%) 16,640
Earnings after taxes $ 24,960
*Equals income before interest and taxes.
a. Compute the interest coverage ratio. (Round your answer to 2 decimal places.)
Compute the fixed charge coverage ratio. (Round your answer to 2 decimal places.)
The total assets for this company equal $211,000. 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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Using the income statement for Times Mirror and Glass Co., compute the following ratios: TIMES MIRR...