. ajax corp's sales last year were $415,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio?

Respuesta :

4.20 times the firm's times-interest-earned (tie) ratio.

=(415000-362500)/12500

4.20 times

In finance and economics, interest is price from a borrower or deposit-taking monetary organization to a lender or depositor of an amount above repayment of the major sum, at a particular charge. it's far awesome from a rate which the borrower may additionally pay the lender or a few third celebration

Interest is the rate you pay to borrow cash or the price you rate to lend money. hobby is most often pondered as an annual percentage of the quantity of a mortgage. This percentage is known as the interest fee on the mortgage.

Interest is defined as the quantity of cash paid for the usage of a person else's cash. An example of hobby is the $20 that became earned this 12 months in your financial savings account. An example of interest is the $2000 you paid in hobby this 12 months on your own home loan

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