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i need help with question 4 and 5 Settings Create Now Custo... a 990 Question 4 Indigo 1 pts Ronin, Inc., has sales of $391,000,

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Settings Create Now Custo... a 990 Question 4 Indigo 1 pts Ronin, Inc., has sales of $391,000, costs of $298,000, depreciation expense of $54,000, and interest paid of $16,300. The tax rate is 35%. How much net income did Ronin earn for the period? $8,355 O $7.945 $12,655 $14.755 O $13.945 Question 5 1 pts When prices are falling, valuing inventory using the LIFO method rather than FIFO gives none of the answers is correct. inventory a higher value but lowers net income. inventory a lower value and net income a higher value. both inventory and net income a higher value. inventory a lower value and also lowers net income

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