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 8. What was Ley Corporation's income before taxes for the year?
A) $270,000
B) $240,000
C) $210,000
D) None of these answer choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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