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Ajax Corp's sales last year were $400,000, its operating costs were $362,500, and its interest charges...

Ajax Corp's sales last year were $400,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE) ratio?

a. 3.66
b. 2.46
c. 2.61
d. 3.48
e. 3.00

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jeff jeffy answered 2 years ago
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