Firm times-interest-earned ratio

Reference no: EM13143178

Ajax Corp's sales last year were $460,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE) ratio?

a. 9.75

b. 7.80

c. 8.19

d. 7.18

e. 7.72

Reference no: EM13143178

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