Yana Corp. has a profit before tax of P90 million. If the company's times interest covered ratio is 4, what is the total interest charge? a. P15M b. P30M c. P40M d. P50M e. P60M
Yana Corp. has a profit before tax of P90 million. If the company's times interest covered ratio is 4, what is the total interest charge? a. P15M b. P30M c. P40M d. P50M e. P60M
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 8MC: A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be...
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Yana Corp. has a profit before tax of P90 million. If the company's times interest covered ratio is 4, what is the total interest charge?
a. P15M
b. P30M
c. P40M
d. P50M
e. P60M
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