What was the firm times interest earned ratio

Reference no: EM13298290

Orono Corp.'s sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times interest earned (TIE) ratio?

a. 4.72
b. 4.97
c. 5.23
d. 5.51
e. 5.80

Reference no: EM13298290

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