The Morris Corporation has $750,000 of debt outstanding, and it pays an interest rate of 8% annually. Morris's annual sales are $3.75 million, its average tax rate is 40%, and its net profit margin on sales is 6%. If the company does not maintain a TIE ratio of at least 5 to 1, then its bank will refuse to renew the loan, and bankruptcy will result. What is Morris's TIE ratio? Do not round intermediate calculations. Round your answer to two decimal places.

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The Kretovich Company had a quick ratio of 1.5, a current ratio of 2.5, a days' sales outstanding of 36.5 days (based on a 365-day year), total current assets of $537,500, and cash and marketable securities of $95,000. What were Kretovich's annual sales? Do not round intermediate calculations. Round your answer to the nearest dollar.

$ _______