The spreadsheet below shows the net income model for a

Last updated: 8/4/2023

The spreadsheet below shows the net income model for a company that sells shoes 2 3 4 5 Sales 6 Cost of Goods Sold 7 A Net Income Model Administrative Expenses 8 Selling Expenses 9 Depreciation Expenses 10 Interest Expenses 11 Taxes 12 13 14 15 Gross Profit 16 Operating Expenses 17 Net Operating Income 18 Earnings Before Taxes 19 20 Net Income O B15 B16 B17 B18 O B5 B17 Data O B18 B11 Model Which of the following formulas would be used to calculate the net income value using only the information in the Model not in the Data section 10 000 000 6 400 000 500 000 900 000 750 000 70 000 620 000 3 600 000 2 150 000 1 450 000 1 380 000