IE Ratio The H.R. Pickett Corp. has $350,000 of debt outstanding, and it pays an

Feb 10th, 2015
RockCafe
Category:
Business & Finance
Price: $5 USD

Question description


The H.R. Pickett Corp. has $350,000 of debt outstanding, and it pays an annual interest rate of 12%. Its annual sales are $1.61 million, its average tax rate is 35%, and its profit margin is 3%. What is its TIE ratio? Round your answer to two decimal places.


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