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

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