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Find what the company net income is

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Reference no: EM132497969

Question 1: The times interest earned ratio of Cree Company is 4.5 times. The interest expense for the year was P20,000, and the company's tax rate is 40%. The company's net income is:

a. P22,000

b. P42,000

c. P54,000

d. P66,000

Reference no: EM132497969

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