If XYZ Company had $12 million in revenue and net income of $3 million,then its:

Name: If XYZ Company had $12 million in revenue and net income of $3 million,then its:
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Quizplus · Accepted Answer

The net income is the revenue minus expenses, therefore, if the company had a net income of $3 million, we can deduct that the expenses were $12 million - $3 million = $9 million. The assets of the company are not necessarily related to the revenue or net income, so options C and D are not correct.

If XYZ Company Had $12 Million in Revenue and Net