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

---

Definitions:

Applied Research

Investigations focused on addressing real-world issues rather than the pursuit of understanding purely for its own sake.

Basic Research

Investigation aimed at acquiring new, fundamental knowledge without a direct application in mind.

Divided

describes something that is separated into parts or pieces, often referring to opinions, loyalties, or physical entities.

1950s

A decade significant for its post-World War II recovery, marked by economic prosperity, the rise of suburban living, and cultural shifts in many parts of the world.