Net income is the money that you actually have available to spend. One can use the gross profit to calculate net income gross profit is total revenue minus cost of goods sold. Net Income Total revenueincome Total Expenses As the net income is found on the bottom-most line of the income statement it is often termed as the bottom line.
Dividends paid 3797.
We have then 77232 5297 3797 78732 which is in fact our figure for Ending Retained Earnings. Learn what is included in net income and why it is important to your financial life. Formula The net income formula is calculated by subtracting total expenses from total revenues. It is equal to your total income minus tax payments and pretax contributions.