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1 5 ) Wiley s Wilderness pays 6 percent interest on its outstanding debt, which equals $ 2 0 0 , 0 0 0 .

15) Wileys Wilderness pays 6 percent interest on its outstanding debt, which equals $200,000. The companys sales are $540,000, its tax rate is 40 percent, and its net profit margin is 4 percent. (a) What is Wileys TIE? (b) If Wileys wants to maintain the TIE equal to 6.0, what must its sales equal?

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