In a recent year Cey Corporation had net income of $250,000, interest expense of $50,000, and a times interest earned ratio of 8. What was Cey Corporation's income before taxes for the year?
A) $450,000
B) $400,000
C) $350,000
D) None of the above.

Question

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The Answer of In a recent year Cey Corporation had net income of $250,000, interest expense of $50,000, and a times interest earned ratio of 8. What was Cey Corporation's income before taxes for the year?
A) $450,000
B) $400,000
C) $350,000
D) None of the above.

In a Recent Year Cey Corporation Had Net Income of $250,000