Business, 06.09.2020 01:01 destinyhammons12345

Using the income statement for Times Mirror and Glass Co., compute the following ratios: TIMES MIRROR AND GLASS COMPANY
Sales $ 266,000
Cost of goods sold 161,000
Gross profit $ 105,000
Selling and administrative expense 46,400
Lease expense 13,300
Operating profit* $ 45,300
Interest expense 7,300
Earnings before taxes $ 38,000
Taxes (30%) 15,200
Earnings after taxes $ 22,800
*Equals income before interest and taxes.
a. Compute the interest coverage ratio. (Round your answer to 2 decimal places.)
b. Compute the fixed charge coverage ratio. (Round your answer to 2 decimal places.)
The total assets for this company equal $172,000. 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...