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Ajax Corp's sales last year were $420,000, its total operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE)
Ajax Corp's sales last year were $420,000, its total operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE) ratio?
a) 4.3
b) 4.7
c) 4.5
d) 4.6
e) 4.8
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