Business, 19.02.2021 01:40 cuhh

The W. C. Pruett Corp. has $450,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 7%. In addition, it has $600,000 of common stock on its balance sheet. It finances with only debt and common equity, so it has no preferred stock. Its annual sales are $2.79 million, its average tax rate is 40%, and its profit margin is 6%. What are its TIE ratio and its return on invested capital (ROIC)? Round your answers to two decimal places.

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The W. C. Pruett Corp. has $450,000 of interest-bearing debt outstanding, and it pays an annual inte...

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