What was the firm''s times interest earned ratio


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

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Business Management: What was the firm''s times interest earned ratio
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