Question

How do i find the net income?

Gross sales - $750,000
COGS - ($200,000)
Operating Expense-($150,000)
Interest Expense - ($50,000)
Net Income - $_________

Answer 1

Subtract all your expenses from your earnings which would be 750,000 - 200,000 -150,000 - 50000 = $350,000 net income