Orono Corp

question 34

Multiple Choice

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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