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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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