Orono corps sales last year were 435000 its operating costs


Orono Corp.'s sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times interest earned (TIE) ratio?

a. 4.72
b. 4.97
c. 5.23
d. 5.51
e. 5.80

 

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Orono corps sales last year were 435000 its operating costs
Reference No:- TGS0636984

Expected delivery within 24 Hours