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.

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 wth only debt and common equity, so it has no preferred stock. Its annual e re 5.61 million, its average tax rate le 25and its profit margin is 7. What are its The ratio and its retum on invested capital (ROIC)? Round your answers to two decimal places. TIE 6.13 ROIC 27.08 Hide Feedback Partially Correct Check My Work (t remaining)