(Answered) The hr pickett corp has 900000 of debt outstanding and it

Finance

The H.R. Pickett Corp. has $900,000 of debt outstanding, and it pays an annual interest rate of 7%. Its annual sales are $5.13 million, its average tax rate is 30%, and its net profit margin on sales is 5%. What is its TIE ratio? Show the calculation for this problem?

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