ament Chapter 4 Assignment Assignment Score: 87.54% Save Submit Assignment for Grading Problem 1.13 Question 3 of 17 Check My Work (1 remaining) Click here to read the eBook: Debt Management Ratios TIE AND ROIC RATIOS The W.C. Pruett Corp. has $200,000 of interesif-bearing debt outstanding, and it pays an annual interest rate of 1290 In addition, it has 5600,000 of common stock on its balance sheet. It finances with only debt and common equity, 10 It has no preferred stock. Its annual sales are $1.2 million, its average tax rate is 30%, and its profit margin is 39 What are its TIE ratio and its return on invested capital (ROIC)? Round your answers to two decimal places TIE 7.43 ROIC 45 Bide Feedback Incorrect Check My Work remaining) lon e E 2/6/2021 77 Prt Scna Homes End PgUp Po FUL A % 5 & 7 6 ) 0 8 9 11 T { Y o P