What was the firms times-interest-earned ratio

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Last year, Crystal Rock Holdings reported exist510,000 of sales, exist262,500 of operating costs other than depreciation, and exist10,200 of depreciation. The company had exist600,000 of bonds outstanding that carry a 6.4% interest rate, and its income tax rate was 40%. What was the firms times-interest-earned (TIE) ratio?

Reference no: EM131576784

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