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Compute net income

One of the uses of an income statement is to determine how much profit (also called net income) the company is making. In this exercise, you will compute the net income of a company.

In this exercise, total_revenue, depreciation, and cost_of_goods_sold have already been loaded for you. You will compute the income before taxes using these items. Then, assuming a tax rate of 5%, you will compute the net income, i.e., the income after taxes.

Este exercício faz parte do curso

Analyzing Financial Statements in Python

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Instruções do exercício

  • Compute the income before taxes.
  • Assuming a tax rate of 5%, compute the net income.

Exercício interativo prático

Experimente este exercício completando este código de exemplo.

depreciation = 260
total_revenue = 3640
cost_of_goods_sold = 460

# Compute income before taxes
income_before_taxes = ____

# Compute income after taxes
net_income = ____

print(net_income)
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