Multiple Choice
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) 3.00
B) 3.66
C) 2.46
D) 2.61
E) 3.48
Correct Answer:
Verified
Correct Answer:
Verified
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