In recent year Cey Corporation had net income of $500,000, interest expense of $100,000, and a times interest earned ratio of 9. What was Cey Corporation's income before taxes for the year?
A) $1,000,000
B) $900,000
C) $800,000
D) None of these answers are correct.

Question

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The Answer of In recent year Cey Corporation had net income of $500,000, interest expense of $100,000, and a times interest earned ratio of 9. What was Cey Corporation's income before taxes for the year?
A) $1,000,000
B) $900,000
C) $800,000
D) None of these answers are correct.

In Recent Year Cey Corporation Had Net Income of $500,000