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.
Correct Answer:
Verified
Correct Answer:
Verified
Q53: The price-earnings ratio is determined by dividing
Q113: Larosa Company's book value per share at
Q115: Calculate the times interest earned for 20
Q116: Calculate the amount of working capital at
Q117: Grave Company had $150,000 in sales on
Q119: Orantes Company's times interest earned for 20
Q120: Oratz Company's acid-test (quick)ratio for 20 ×
Q121: Between 20 × 8 and 20 ×
Q122: Marcial Company's inventory turnover for 20 ×
Q123: Financial statements for Praeger Company appear below: