value 500 points If XYZ Company had 27 million in revenue an

value 5.00 points If XYZ Company had $27 million in revenue and net income of $15 million, then its: O assets must have been $15 million. O assets must have been $27 million. expenses must have been $42 million. O expenses must have been $12 million.

Solution

D. expenses must have been $12 million.

Net income = Revenues Expenses

Expenses = Revenues Net income

Expenses = $27 million - $15 million

Expenses = $12 million