The times interest earned ratio of Whitney Corporation is 3.0. The interest expense for the year is $21,000, and the corporation's tax rate is 40%. The corporation's after-tax net income must be:
A. $63,000
B. $30,000
C. $42,000
D. $25,200
Answer: D
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Managers at Carpets and Flooring prevented employees from selling the company shares in their pension funds while the managers sold millions of dollars' worth of their own Carpets and Flooring stock. This illustrates the ________ approach to social responsibility.
A. accommodative B. defensive C. proactive D. obstructionist E. offensive
Strategic planning deals with the establishment of long term company objectives.
Answer the following statement true (T) or false (F)
Members of a negotiating team may take on which of the following important roles in the negotiation process?
A. A team member may take any of these roles. B. legal counsel C. observer D. chief spokesperson
Operating leverage is equal to ________
a. None of these choices. b. Contribution margin / Income from operations c. Income from operations / Contribution margin d. Sales / Contribution margin