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The H.R. Pickett Corp. has $500,000 of debt outstanding , and it pays an annual interest rate of 10%. Its annual sales are $2 million,
The H.R. Pickett Corp. has $500,000 of debt outstanding , and it pays an annual interest rate of 10%. Its annual sales are $2 million, its average tax rate is 30%, and its net profit margin is 5%. What is its TIE ratio
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Public School Finance Decoded
Authors: Jay C. Toland
1st Edition
1475827679, 978-1475827675
