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Orono Corp.'s sales last year were $540,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times interest earned

Orono Corp.'s sales last year were $540,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times interest earned (TIE) ratio?

Select the correct answer.

a. 17.80

b. 15.40

c. 14.20

d. 19.00

e. 16.60

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Question

Orono Corp.'s sales last year were $540,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times interest earned

Orono Corp.'s sales last year were $540,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times interest earned (TIE) ratio? Select the correct answer. a. 17.80 b. 15.40 c. 14.20 d. 19.00 e. 16.60

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Orono Corp.'s sales last year were $540,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times interest earned (TIE) ratio?

Select the correct answer.

a. 17.80

b. 15.40

c. 14.20

d. 19.00

e. 16.60