Financial Accounting: An Introduction to Concepts, Methods, and Uses14^thed.

Section 5-17: Selected income statement information for Novo Limited (Novo), a Hong Kong personal computer manufacturer, for the years ended March 31, Years 9 and 10 appears below. Novo applies Hong Kong financial reporting standards and reports its results in thousands of U.S. dollars. In answering this question, assume Novo uses either U.S. GAAP or IFRS; for purposes of this problem, this choice will not matter.

How do I calculate the profit before taxes on an income statement? (Accounting)