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Victory Alliance Corp. has Assets $400,000, Sales of $200,000, COGS of $95,000, Interest Expense of $10,000, Depreciation and Amortization of $10,000, Debt of $100,000, and
Victory Alliance Corp. has Assets $400,000, Sales of $200,000, COGS of $95,000, Interest Expense of $10,000, Depreciation and Amortization of $10,000, Debt of $100,000, and Selling and General Administrative Expenses of $35,000. What is the TIE ratio? (If needed, answer with up to two decimal places, for example, X.XX.)
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