Ajax Corp's sales last year were $400,000,its operating costs were $362,500,and its interest charges were $12,500.What was the firm's times-interest-earned (TIE)ratio?
A) 3.00
B) 3.66
C) 2.46
D) 2.61
E) 3.48

Name: Ajax Corp's sales last year were $400,000,its operating costs were $362,500,and its interest charges were $12,500.What was the firm's times-interest-earned (TIE)ratio? A) 3.00 B) 3.66 C) 2.46 D) 2.61 E) 3.48
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Ajax Corp's Sales Last Year Were $400,000,its Operating Costs Were