In a Recent Year Ley Corporation Had Net Income of $150,000

question 225

Multiple Choice

In a recent year Ley Corporation had net income of $150,000, interest expense of $30,000, and a times interest earned ratio of 7.What was Ley Corporation's income before taxes for the year?

• A)$240,000
• B)$210,000
• C)$180,000
• D)None of these answer choices are correct.

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