Multiple Choice
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
Correct Answer:
Verified
Correct Answer:
Verified
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