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The times interest earned ratio of Celera Company was 5 times. The interest expense for the year was $20,000, and the company's tax rate was
The times interest earned ratio of Celera Company was 5 times. The interest expense for the year was $20,000, and the company's tax rate was 40%. What was the company's net income?
$48,000. | ||
$42,000. | ||
$54,000. | ||
$66,000. |
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