Answered

Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Ajax corp's sales last year were $525,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio?

Sagot :

Sales$510,000

Operating costs$362,500

Operating income (EBIT)$147,500

Interest charges$12,500

TIE= EBIT/interest

EBIT= sales-operating costs

525,000- 362,500= 162,500

162,500/12,500=13

To learn more about times-interest-earned from the given link.

https://brainly.com/question/28165966

#SPJ4

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.