Net income is calculated as:
A) total revenue - total operating expenses.
B) total revenue - total operating expenses - taxes.
C) asset utilization - expense ratio.
D) asset utilization - expense ratio - tax ratio.
E) interest expense ratio - non-interest expense ratio - provision for loan loss ratio.

Question

Quizplus · Accepted Answer

Net income is calculated by subtracting total operating expenses and taxes from total revenue.

Net Income Is Calculated As