18. SAJ sales last year were $435,000, its operating costs including Depreciation were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE) ratio? 大 O a) 4.72 O b) 5.80 O c) 5.23 O d) 5.51 e) None of the above

18. SAJ sales last year were $435,000, its operating costs including Depreciation were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE) ratio? 大 O a) 4.72 O b) 5.80 O c) 5.23 O d) 5.51 e) None of the above

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net...

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Question

18. SAJ sales last year were $435,000, its operating costs including
Depreciation were $362,500, and its interest charges were $12,500. What
was the firm's times-interest-earned (TIE) ratio? *
a) 4.72
b) 5.80
O c) 5.23
O d) 5.51
e) None of the above

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