If i am given the other gains (losses), net sales revenue, loss on discontinued operations, extraordinary gain, cost of goods sold, operating expenses, and accounts receivable, how do i find the net income?
submitted by Kelli

Arnold

Put them in the correct order and net to the net profit (loss).

RMH

The net income requires that you know the operating expenses, taxes, and interest. You add all of those figures together to start. Then you subtract that number from your gross profit. That should give you the net profit.

Try plugging it into the net income calculator.

John

I think you'd use the loss, extraordinary gain, and COGS to get your gross profit. Then you can plug the rest into the net profit formula.