Click here to read the eBook: Debt Management Ratios TIE AND ROIC RATIOS The W.C. Pruett Corp. has $200,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 10%. In addition, it has $700,000 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 $0.94 million, its average tax rate is 40%, and its profit margin is 4%. What are its TIE ratio and its return on invested capital (ROIC)? Round your answers to two decimal places. TIE 4.3636 ROIC 6.72 % Hide Feedback Incorrect