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Business · Accounting
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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 $235,000 121,000 $114,000 47,500 15,000 51,500 6,900 $44,600 17,840 $ 26,760 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 $182,000. 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 marc d.Compute the total asset turnover ratio. (Round your answer to 2 decimal 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

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