Question: nt: Homework 4 True-False 04-001 Ratio analysis involves analyzing financial statements to help appraise a firm's financial position and strength. O a. True O b.

to help appraise a firm's financial position and strength. O a. True

O b. False Ajax Corp's sales last year were $510,000, its operating

nt: Homework 4 True-False 04-001 Ratio analysis involves analyzing financial statements to help appraise a firm's financial position and strength. O a. True O b. False Ajax Corp's sales last year were $510,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's tim interest-earned (TIE) ratio? O a. 12.15 O b. 13.10 TO c. 14.75 O d. 8.85 10 e 11.80 Click here to read the eBook: Market Value Ratios PRICE/EARNINGS RATIO A company has an EPS of $1.50, a book value per share of $14.55, and a market/book ratio of 1.4x. What is its P/E ratio? The stock price should be rounded to the nearest cent. Round your answer to two decimal places

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