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

question 6

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 9. What was Cey Corporation's income before taxes for the year?

• A) $500,000
• B) $450,000
• C) $400,000
• D) None of the above.