Answered: Yana Corp. has a profit before tax of…

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

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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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Question

choose the letter of the correct answer

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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