Shinystone Motors has total assets of $20 million. Its basic earning power is 25 percent, its return on assets (ROA) is 10 percent, and the company's tax rate is 40 percent. What is Shinystone's TIE ratio?
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Shinystone Motors has total assets of $20 million. Its basic earning power is 25 percent, its return on assets (ROA) is 10 percent, and the company's tax rate is 40 percent. What is Shinystone's TIE ratio?
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