Question: 7. Problem 4.13 (TIE and ROIC Ratios) eBook Problem Walk-Through The W.C. Pruett Corp. has $500,000 of interest-bearing debt outstanding, and it pays an annual

7. Problem 4.13 (TIE and ROIC Ratios) eBook Problem Walk-Through The W.C. Pruett Corp. has $500,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 9%. In addition, it has 5600,000 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 $2.55 million, its average tax rate is 25%, and its profit margin is 2%. What are is the ratio and its return on invested capital (ROI) Round your answers to two decimal places TIE ROIC

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