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ions Problem 4.13 (TIE and ROIC Ratios) 4 Question 7 of 11 Check My Work (2 remaining) O eBook Problem Walk-Through O The W.C. Pruett Corp. has $700,000 of Interest-bearing debt outstanding, and it pays an annual interest rate of 12%. In addition, It has $600,000 of common equity on its balance sheet. It finances with only debt and common equity, so It has no preferred stock. Its annual sales are $2.52 million, its average tax rate is 25%, 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: O ROIC: Check My Work (2 remaining) - Icon Key Problem 4.13 (TIE and ROIC Ratios) 4 Question 7 of 11