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I need this answer very quickly. If you answer fast I'll give thumbs up. Thank you 2. The H.R. Pickett Corp. has $500,000 of interest-bearing
I need this answer very quickly. If you answer fast I'll give thumbs up. Thank you2. The H.R. Pickett Corp. has $500,000 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 $2 million, its average tax rate is 30%, and its profit margin is 5%. What are its TIE ratio and its return on invested capital (ROIC)? (25 Points) (Show your solutions step by step)
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