Balance Sheet Net Income Formula - Web to arrive at net income, you subtract the cost of goods sold (cogs) (if any), selling and administrative expenses,. Or, if you really want to simplify things,. Web so put another way, the net income formula is:
Web so put another way, the net income formula is: Or, if you really want to simplify things,. Web to arrive at net income, you subtract the cost of goods sold (cogs) (if any), selling and administrative expenses,.