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Ajax Corp's sales last year were $510,000, its 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 $510,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest- earned (TIE) ratio? a. 8.85 b. 11.80 O c. 14.7 d. 13.10 e. 12.15

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