Homework anment: Chapter 4 Homework Assignment Score: 57.14% Save Submit Assignment for Grading stions Question 6 of 7 Problem 4.13 (TIE and ROIC Ratios) Check My Work eBook The W.C. Pruett Corp. has $450,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 10%. In addition, it has $800,000 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 $1.26 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. TIE