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Question 6 (1 point) The effective annual rate of interest is the same as the periodic rate of interest is essentially the same as the IRR decreases as the number of compounding periods increase takes into account any compounding periods Question 7 (1 point) Phrygian Corp.'s sales last year were $435,000, its operating costs were $362,500 (of which $275,423 were fixed costs), and its interest charges were $14,600. What was the firm's times-interest-earned (TIE) ratio? 4.97 5.23 10.9 5.51