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Show me how to get the net income of $700,00, I have filled in most of the answers 5. Use your knowledge of income statements
Show me how to get the net income of $700,00, I have filled in most of the answers 5. Use your knowledge of income statements to fill in the missing items: Sales Cost of goods sold $575,000 Gross Profit 1,600,000 General & Admin Expenses 200,000 Selling & marketing expenses 140,000 Depreciation 50,000 Operating income 90,000 Interest 100,000 Income before taxes ??????? Income taxes (30%) ??????? Net income 700,000
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