John Box Inc. has an annual interest expense of $30,000 and pays incom
John Box Inc. has an annual interest expense of $30,000 and pays income tax equal to 40 percent of
taxable income (EBT). John Box’s times-interest-earned ratio is 4.2. What is John Box’s net income?
A) $57,000 B) $126,000 C) $57,600 D) $96,000
ANSWER
C
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