FIN621 - Financial Statement Analysis

Does the net income represent an amount of cash that can be withdrawn by the owner of a business?...
No the Net income does not represent the amount of cash be withdrawn by the owner of a business, income represents amount of revenue minus expenses for the period of time. A business owner can withdraw from cash either on hand or in the company's bank account(s). Net income is basically 'profit' from monies made from doing business after figuring how much was lost from the cost of doing business (buying supplies, inventory, parts, etc.).