Show the calculation for given problem

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Reference no: EM131142652

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?

Reference no: EM131142652

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