In a recent year Ley Corporation had net income of $150,000, interest expense of $30,000, and a times interest earned ratio of 7.What was Ley Corporation's income before taxes for the year?
A)$240,000
B)$210,000
C)$180,000
D)None of these answer choices are correct.

Question

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The Answer of In a recent year Ley Corporation had net income of $150,000, interest expense of $30,000, and a times interest earned ratio of 7.What was Ley Corporation's income before taxes for the year?
A)$240,000
B)$210,000
C)$180,000
D)None of these answer choices are correct.

In a Recent Year Ley Corporation Had Net Income of $150,000