rates Answers a and b are correct. e. Answers band care correct 13) Webster Corp.'s sales last year were $900,000 with a gross profit margin of 35%, operating expenses equal to the as of sales, depreciation of $30,000 and an effective tax rate of 25%. it interest charges were $70,000. What was the firm's TIE (Times Interest Earned) ratio? 14) An investor is considering starting a new business. The company would require $475,000 of assets, and it would be financed entirely with common stock. The investor will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have a ROE of 13.5%. The company's effective tax rate is 25%. Please calculate" a. Required pretax income (EBT) b. Required net income: la- 1.2 T06 = 2 30 / / 10