Mariah Company Had a Times Interest Earned Ratio of 3

question 126

Multiple Choice

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

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

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Definitions:

AND Criteria

In querying and programming, conditions that must all be met for a record to be selected or an action to be taken.

Select Record

The action or process of highlighting or choosing a specific piece of data or record from a collection for further operations.

Make-Table Query

A query in database systems that creates a new table from the results of a selection query.

Action Query

A type of query in databases that performs an action on the data, such as insert, update, or delete operations.