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please answer 13 with all work amental Concepts in Financial Md 4-13 TIE AND ROIC RATIOS The W.C. Pruett Corp. has $600,000 of interest-bearing debt
please answer 13 with all work
amental Concepts in Financial Md 4-13 TIE AND ROIC RATIOS The W.C. Pruett Corp. has $600,000 of interest-bearing debt out- standing, and it pays an annual interest rate of 7%. In addition, it has $600,000 of com- mon equity on its balance sheet. It finances with only debt and common equity, so it its profit margin is 7%. What are its TIE ratio and its return on invested capital (ROIC)? ning' ROE last year was only 5%, but its management tio 40% which wStep by Step Solution
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