Ajax Corp's sales last year were $400,000, and all operating costs were $362,500, and its...
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Accounting
Ajax Corp's sales last year were $400,000, and all operating costs were $362,500, and its interest charges were $12,500.
What was the firm's times-interest-earned (TIE) ratio?
Group of answer choices
3.66
3.48
2.46
3.00
2.61
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