Ajax Corp\'s sales last year were $435,000, its operating costs were $362,500, a

Question

Ajax 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. 5.51 b. 5.80 c. 4.72 d. 5.23 e. 4.97 Hide FeedbackShow All Feedback Check My Work Feedback Post Submission Feedback Solution

Ajax 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? Hide FeedbackShow All Feedback Check My Work Feedback Post Submission Feedback Solution Hide FeedbackShow All Feedback Hide FeedbackShow All Feedback Check My Work Feedback Post Submission Feedback Solution Check My Work Feedback Post Submission Feedback Solution Check My Work Feedback Check My Work Feedback Check My Work Feedback Post Submission Feedback Post Submission Feedback Post Submission Feedback Solution Solution Solution

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

Explanation / Answer

b. 5.80

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