Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ajax Corp's sales last year were $465,000, its operating costs were $362, 500, and its interest charges were $12, 500. What was the firm's times-interest-earned
Ajax Corp's sales last year were $465,000, its operating costs were $362, 500, and its interest charges were $12, 500. What was the firm's times-interest-earned (TIE) ratio? 7.80 8.45 8.20 8.72 8.55
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started