Final answer:
The correct answer to which of the options is an operating performance ratio is D) B and C, as Times Interest Earned and Payout Ratio are both ratios that assess a company's operational efficiency.
Step-by-step explanation:
The question asks which of the listed options is an operating performance ratio. An operating performance ratio is used to analyze the operational efficiency of a company's core business activities, without taking into account the effects of financing and capital structure. Option B, Times Interest Earned, is an indicator of a company's ability to meet its debt obligations with its earnings before interest and taxes (EBIT). Option C, Payout Ratio, is a measure of the proportion of earnings paid out as dividends to shareholders. Therefore, the correct answer is D) B and C, because both Times Interest Earned and Payout Ratio are performance ratios that evaluate aspects of a company's ongoing operations.