Finance management

Ajax Corp's sales last year were RM560,000, the cost of goods sold was RM230,000, its operating costs were RM132,500, and its interest charges were RM14,500. What was the firm's times-interest-earned (TIE) ratio? Formula: Click a. 7.80 Ob. 13.62 OC. 6.72 O d. 7.72 O e. 12.19