The W.C. Pruett Corp. has $550,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 11%. In

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The W.C. Pruett Corp. has $550,000 of interest-bearing debt
outstanding, and it pays an annual interest rate of 11%. In
addition, it has $800,000 of common equity on its balance sheet. It
finances with only debt and common equity, so it has no preferred
stock. Its annual sales are $2.97 million, its average tax rate is
25%, and its profit margin is 6%. What are its TIE ratio and its
return on invested capital (ROIC)? Round your answers to two
decimal places.