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please show all work. Thanks in advance Click here to read the eBook: Debt Management Ratios TIE AND ROIC RATIOS h e The W.C. Pruett
please show all work. Thanks in advance
Click here to read the eBook: Debt Management Ratios TIE AND ROIC RATIOS h e The W.C. Pruett Corp. has $900,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 10%. In addition, it has $100,000 of comment on t It finances with only debt and common equity, so it has no preferred stock. Its annual sales are $4.23 million, its average tax rate is 35%, and its profit margini Sh. What are ratio and its return on invested capital (ROIC)? Round your answers to two decimal places. TIE ROIC8 % Hide Feedback IncorrectStep by Step Solution
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