Ajax Corp's sales last year were $520,000, its operating costs were $345,000, and its interest charges were $15,000. The firm's times-interest-earned (TIE) ratio is 10.88.

Group of answer choices

True

False

ABC's sales last year were $350,000, EBIT was 70,000, and its net income was $27,000. Its profit margin was 7.71% and operating profit margin was 20.0%.

Group of answer choices

True

False