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.
Correct Answer:
Verified
Correct Answer:
Verified
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