Use the net income statement for Summer Peebles, Inc., below, to do the following assigned problems.Compute the following earnings coverage ratios: Earnings to fixed charges. Cash flow to fixe

Use the net income statement for Summer Peebles, Inc., below, to do the following assigned problems.

1. Compute the following earnings coverage ratios:
   1. Earnings to fixed charges.
   2. Cash flow to fixed charges.
   3. Earnings coverage of preferred dividends.
2. Analyze and interpret the earnings coverage ratios in (A).

Your submission should:

• Be 1-2 pages for the written portion.
• Include the Excel spreadsheet with computations.
• Clearly separate your responses so your instructor knows the problems you are answering.
• Follow the CSU-Global Guide to Writing and APA Requirements (Links to an external site.)Links to an external site..