The H.R. Pickett Corp. has $350,000 of debt outstanding, and it pays an annual interest rate of 12%. Its annual sales are $1.61 million, its average tax rate is 35%, and its profit margin is 3%. What is its TIE ratio? Round your answer to two decimal places.
Ie Ratio The H R Pickett Corp Has 350 000 Of Debt Outstanding And It Pays An
