What is its tie ratio, The H.R. Pickett Corp. has $900,000

What is its tie ratio

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Reference no: EM131145730

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: EM131145730

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