Pease help me find income from operations, income before income taxes, and net income/ loss. Also what goes after cost of goods sold at the top that I got wrong!
Thank you! all the info you need should be included in the picture.
Homework Answers
After cost of goods sold it should be Gross profit instead total revenues.
Income from operations = Gross profit - total operating expenses
= 9,050 - 4,421 = $4,629
Income before income taxes = income from operation + interest revenue
= 4,629 + 40 = $4,669
Net income/loss = Income before income tax - income tax expense
= 4,669 - 1,401 = $3,268
Add Answer to:
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