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If the Reid Company earned ​$470 comma 000 in net​ income, spent ​$160 comma 000 in cost of goods​ sold, had ​$40 comma 000 of general and administrative​ expenses, ​$50 comma 000 in interest​ expense, ​$20 comma 000 in depreciation​ expenses, and ​$50 comma 000 in​ taxes, what was the​ company's sales​ revenue

Respuesta :

Answer:

$790,000

Explanation:

Net Income = Revenue - COGS - general and administrative​ expenses - Depreciation - Interest - Taxes

$470,000 = Revenue - $160,000 - $40,000 - $20,000 - $50,000 - $50,000

Revenue:

= $470,000 + $160,000 + $40,000 + $20,000 + $50,000 + $50,000

= $790,000

Therefore,  the​ company's sales​ revenue is $790,000.

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