In a Recent Year Cey Corporation Had Net Income of $250,000

question 270

Multiple Choice

In a recent year Cey Corporation had net income of $250,000, interest expense of $50,000, and a times interest earned ratio of 8. What was Cey Corporation's income before taxes for the year?

• A) $450,000
• B) $400,000
• C) $350,000
• D) None of the above.

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Definitions:

Manufacturers

Entities involved in the process of producing goods from raw materials through various means, such as machinery, labor, and assembly processes.

Retailers

Businesses that sell goods directly to consumers through various channels, including stores, online platforms, and through mail.

Retailing

The process of selling consumer goods or services directly to customers through multiple channels of distribution in order to earn a profit.

Business Activities

The tasks and actions that companies undertake to provide goods or services, generate revenue, and achieve their objectives.