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What was the firms times interest earned ratio

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Question - Orono Corp.'s sales last year were $490,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times interest earned (TIE) ratio?

a. 9.20

b. 8.20

c. 9.70

d. 8.70

e. 10.20

Reference no: EM132535236

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