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Company ABC sales last year were $459 thousand, its operating costs were $362,500, and its interest charges were $12,500. What was the company's Times Interest

Company ABC sales last year were $459 thousand, its operating costs were $362,500, and its interest charges were $12,500. What was the company's Times Interest Earned (TIE) ratio? Enter your answer as a number with 2 decimal places of precision (i.e. 1.23).

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