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Ajax Corp's sales last year were $430,000, 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 $430,000, 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)5.7
B) 5.4
C) 5.5
D)5.3
E) 5.6
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Corporate Treasury And Cash Management
Authors: Robert Cooper
1st Edition
1349512699, 9781349512690
