( Accounting : Financial statements , Income statement )
net1, net2, income
Fiscal second-quarter net income tripled to $75,000 on an 11 percent sales increase.
Credit cards should enhance your personal financial management, and this can be done
if you limit the amount outstanding to an affordable percentage of your monthly net income.
Net income is the difference between gross profit on sales and operating expenses if gross profit
is more than operating expenses.
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