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TIE AND ROIC RATIOS The w.C. Pruett Corp. has $900,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 9%. In addition,

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TIE AND ROIC RATIOS The w.C. Pruett Corp. has $900,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 9%. In addition, it has $700,000 of common stock on its balance sheet. It finances with only debt and common equity, so t has no preferred stock s annua sa es ares2.88 mill orits average tax rate 30% and profi margin is 7%. what are its TIE ratio and its return on invested capital (ROIC)? Round your answers to two decimal places. TIE 4.46X ROIC| 15.790%

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