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Given: operating expenses $250,000 interest expense $15,000 sales $1,000,000 gross profit $480,000 taxes $85,000 What is the TIE (times-interest earned)?

Given:

operating expenses $250,000

interest expense $15,000

sales $1,000,000

gross profit $480,000

taxes $85,000

What is the TIE (times-interest earned)?

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