Answered: Last year, Rivera Industries had net…

Last year, Rivera Industries had net income of $420,000, interest expense of $80,000, and a times interest earned ratio of 7. What was Rivera Industries' income before taxes for the year?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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do fast answer of this general accounting question

Last year, Rivera Industries had net income of
$420,000, interest expense of $80,000, and a times
interest earned ratio of 7. What was Rivera
Industries' income before taxes for the year?

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