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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 Cost of goods sold Gross profit Selling and administrative expense

Using the income statement for Times Mirror and Glass Co., compute the following ratios TIMES MIRROR AND GLASS Co Income Statement 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 $244,000 135,000 109,000 47,900 18,200 $42,900 8,300 $34,600 13,840 $20,760 a.Compute the interest coverage ratio. (Round your answer to 2 decimal places.) Interest times b.Compute the fixed charge coverage ratio. (Round your answer to 2 decimal places.) Fixed charge times

 

Apr 22 2020 View more View Less

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