Definition
Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.
Related Services
Accounting, financial reporting, and tax advisory services help businesses calculate and optimize net income for better profitability.
Problem and Application
Net income is a key profitability metric, but businesses should also consider other metrics, like gross profit margin, to evaluate financial health comprehensively.
Conclusion
Net income is a fundamental measure of a company�s profitability, and maximizing it requires careful cost control and revenue generation strategies.
