The W.C. Pruett Corp. has $350,000 of interest-bearing debt outstanding, and it pays an annual interest...

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The W.C. Pruett Corp. has $350,000 of interest-bearing debtoutstanding, and it pays an annual interest rate of 8%. Inaddition, it has $700,000 of common stock on its balance sheet. Itfinances with only debt and common equity, so it has no preferredstock. Its annual sales are $0.91 million, its average tax rate is35%, and its profit margin is 5%. What are its TIE ratio and itsreturn on invested capital (ROIC)? Round your answers to twodecimal places.
TIE x
ROIC %

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The W.C. Pruett Corp. has $350,000 of interest-bearing debtoutstanding, and it pays an annual interest rate of 8%. Inaddition, it has $700,000 of common stock on its balance sheet. Itfinances with only debt and common equity, so it has no preferredstock. Its annual sales are $0.91 million, its average tax rate is35%, and its profit margin is 5%. What are its TIE ratio and itsreturn on invested capital (ROIC)? Round your answers to twodecimal places.TIE xROIC %