DuPONT AND NET INCOME Precious Metal Mining has $12 million in sales, its ROE is 15%, and its total assets turnover is 2.5x. Common equity on the firm's balance sheet is 70% of its total assets. What is its net income? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent. Do not round intermediate steps TIE AND ROIC RATIOS The W C. Pruett Corp. has $700,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 9% 57 000 of common stock on n addition it na s balance sheet. It finances with only debt and common equity, so it has no preferred stock. Its annual sales are $3.36 million, its average tax rate is 40%, 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 TIE ROIC