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Brown Ltd. has $2,000,000 of debt outstanding, and it pays an interest rate of 6 percent annually. Annual sales are $5 million, its average tax

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Brown Ltd. has $2,000,000 of debt outstanding, and it pays an interest rate of 6 percent annually. Annual sales are $5 million, its average tax rate is 21 percent, and its net profit margin on sales is 4 percent. What is Brown's TIE ratio? O 3.11 O 3.33 O 3.78 O 3.87 No new data to save. Last checked at 10:19am Submit Quiz

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