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In a recent year Ley Corporation had a net income of $150,000, interest expense of $30,000, and a times interest earned ratio of 7. What

In a recent year Ley Corporation had a 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?

$240,000

$210,000

$180,000

None of these answer choices are correct.

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