Question: The W . C . Pruett Corp. has $ 7 0 0 , 0 0 0 of interest - bearing debt outstanding, and it pays

The W.C. Pruett Corp. has $700,000 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 $2.52 million, its average tax rate is 25%, and its profit margin is 5%. What are its TIE ratio and its return on invested capital (ROIC)? Round your answers to two decimal places.
RIE: ,x
 The W.C. Pruett Corp. has $700,000 of interest-bearing debt outstanding, and

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