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2 3. 1 5 A-Z eBook Problem Walk-Through The W. Pruett Corp. has $250,000 of...

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2 3. 1 5 A-Z eBook Problem Walk-Through The W. Pruett Corp. has $250,000 of interest-bearing debt cutstanding, and it pays an annual interest rate of 10%. In addition, it has $600,000 of common equity on its balance sheet. It finances with only debt and common equity, so it has no preferred stock. Its annual sales are $1.35 million, its average tax rate is 25%, and its profit margin is 4%. What are its TIE ratio and its return on invested capital (OIC)? Round your answers to two decimal places. TIE: ROIC FE 3:22 PM 3/22/2022

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