Its annual sales are 513 million its average tax rate is 30, Financial Management

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Its annual sales are 513 million its average tax rate is 30

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?

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Financial Management: Its annual sales are 513 million its average tax rate is 30

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Financial Management: Its annual sales are 513 million its average tax rate is 30

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