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) $25,200
C) $30,000
D) $42,000

Question

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The Answer of 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) $25,200
C) $30,000
D) $42,000

The Times Interest Earned Ratio of Whitney Corporation Is 3