20. Lina's Corp's sales last year were $852,500, its operating costs were $543,750, and its interest charges were $18,750. What was the firm's times-interest-earned (TIE) ratio? * a) 16.47X b) 8.5X c) 5.2X d) 6.3X e) None of the above

20. Lina's Corp's sales last year were $852,500, its operating costs were $543,750, and its interest charges were $18,750. What was the firm's times-interest-earned (TIE) ratio? * a) 16.47X b) 8.5X c) 5.2X d) 6.3X e) None of the above

Name: 20. Lina's Corp's sales last year were$852,500, its operating costs w
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Description: 20. Lina's Corp's sales last year were$852,500, its operating costs were$543,750, and its interest chargeswere $18,750. What was the firm'stimes-interest-earned (TIE) ratio? *a) 16.47Xb) 8.5Xc) 5.2Xd) 6.3Xe) None of the above

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 13PROB

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