The W.C. Pruett Corp. has $850,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 12%. In addition, it has $600,000 of common stock on its balance sheet. It finances with only debt and common equity, so it has no preferred stock. Its annual sales are $5.61 million, its average tax rate is 25%, and its profit margin is 7%. What are its TIE ratio and its return on invested capital (ROIC)? Round your answers to two decimal places. Please help.

Save Submit Assignment for Grading Question 2 of 11 Problem 4.13 (TIE and ROIC Ratios) Check My Work (2 remaining) eBook 11 Problem Walk-Through The W.C. Pruett Corp. has $850,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 12%. In addition, it has $600,000 of common stock on its balance sheet. It finances with only debt and common equity, so it has no preferred stock. Its annual sales are $5.61 million, its average tax rate is 25%, and its profit margin is 7%. What are its TIE ratio and its return on invested capital (ROIC)? Round your answers to two decimal places. TIE: 9.8 x ROIC: 62.5 % Check My Work (2 remaining) 0 Icon Key