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Planet Inc's sales last year were $10,500,000, its operating costs were $8,750,000, and its interest charges were $375,000. What was the firm's times-interest-earned (TIE) ratio?

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Planet Inc's sales last year were $10,500,000, its operating costs were $8,750,000, and its interest charges were $375,000. What was the firm's times-interest-earned (TIE) ratio? O 2.98 O 3.20 O 3.68 O 4.6

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