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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-cured (TIE) ratio?

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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-cured (TIE) ratio? 3.25 3.67 2.67 25 3.00 meet showed total current assets of $2,500, all of which were required in operations. Its current liabilities consisted of $975 of accounts payable, $600 of 6% shor orking capital

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