Mariah Company Has a Times Interest Earned Ratio of 3

question 118

Multiple Choice

Mariah Company has a times interest earned ratio of 3.0 for the year just ended.The company's tax rate is 40% and the interest expense for the year was $25,000.Mariah Company's after-tax net income was:

• A) $25,000.
• B) $30,000.
• C) $50,000.
• D) $75,000.

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