What is the firm's profit margin? (Round your answer to two decimal places and express in percentage form, e.g. x.xx%.) 1 pts D Question 28 What is the firm's times interest earned (TIE) ratio? (Round your answer to two decimal places.) Assets Current Assets Cash Accounts Receivable Inventory Other Current Assets Total Current Assets Fixed Assets Plant, Property & Equip Other Fixed Assets Total Fixed Assets Total Assets Rainbow Company Balance Sheet (in millions of dollars) $ 84 462 601 15 975 26 ? Rainbow Company 2019 Income Statement (in millions of dollars) Net Sales Cost of Goods Sold Depreciation SGA Expenses R&D Expenses EBIT Interest Expense Taxable Income Taxes Net Income $ 2,709 1,702 80 110 56 78 273 ? ? ? Liabilities and Equity Current Liabilities Accrued wages and taxes Accounts Payable Notes Payable Total Current Liabilities Long-term Debt Other Long-term Liabilities Total Liabilities (Debt) Stockholders' Equity Common Stock Retained Earnings Total Shareholders' Equity Total Liabilities & Equity $ 77 282 364 ? 760 10 ? 564 106 ? Fixed Assets Plant, Property & Equip Other Fixed Assets Total Fixed Assets Total Assets Rainbow Company 2019 Income Statement (in millions of dollars) 975 26 ? Net Sales Cost of Goods Sold Depreciation SGA Expenses R&D Expenses EBIT Interest Expense Taxable Income Taxes Net Income Common Stock Dividends Addition to Retained Earnings ? Further, assume the following: . The firm pays out 60% of its net income as a dividend to its common stockholders. • The firm has 130 million shares outstanding. • 80% of Net Sales are credit sales. The market price per share is $22.49. $ 2,709 1,702 80 110 56 78 273 ? ? Other Long-term Liabilities Total Liabilities (Debt) Stockholders' Equity Common Stock Retained Earnings Total Shareholders' Equity ? Total Liabilities & Equity 564 106 ?