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You determined the following data items for a company: Sales: $750,000 EBIT: $140,000 Interest expense: $18,000 Net income available to commons stock holders: $100,000 Total

You determined the following data items for a company:

Sales: $750,000
EBIT: $140,000
Interest expense: $18,000
Net income available to commons stock holders: $100,000
Total assets: $1,200,000
Sales: $750,000
Account receivables: $42,000

Based on the relevant data items above, what is TIE ratio?

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