Its annual sales are $2 million, its average tax rate is 30 percent, and its net profit margin on sales is 5 percent. What is the TIE ratio?

Finance Basics

Times-interest-earned-ratio- The H.R. Pickett Corp. has $500,000 of debt outstanding, and it pays an annual interest rate of 10 percent. Its annual sales are $2 million, its average tax rate is 30 percent, and its net profit margin on sales is 5 percent. What is the TIE ratio?

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