I recent yer waterway Industries had net income of $746000, interest expense of $146000, and a...

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I recent yer waterway Industries had net income of $746000, interest expense of $146000, and a times interest earned ratio of

I recent yer waterway Industries had net income of $746000, interest expense of $146000, and a times interest earned ratio of . What was Waterway Industries's income before taxes for the year?

$968000

$1314000

$1168000

None of these answers are correct

business accounting

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Answer 1

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Answer #1

Interest expense	146000
X Times interest earned	9
Income before interest and taxes	1314000
Less: Interest expense	146000
Income before taxes	1168000

Option C $1168000 is correct

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Answer 2

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I recent yer waterway Industries had net income of $746000, interest expense of $146000, and a...

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