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PLEASE HELP BEFORE 11;50 The W.C. Pruett Corp. has $1,000,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 12%. In addition,

PLEASE HELP BEFORE 11;50image text in transcribed

The W.C. Pruett Corp. has $1,000,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 12%. In addition, it has $700,000 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 $4.5 million, its average tax rate is 25%, and its profit margin is 6%. What are its TIE ratio and its return on invested capital (ROIC)? Round your answers to two decimal places. TIE: ROIC: %

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