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What is sales revenue minus cost of goods sold and operating expenses, known as for income statement purposes

What is sales revenue minus cost of goods sold and operating expenses, known as for income statement purposes
asked 66.1k views
20 votes
what is sales revenue minus cost of goods sold and operating expenses, known as for income statement purposes

asked
User Liupeixin
by
7.8k points

1 Answer

11 votes

Answer:

Gross profit

Step-by-step explanation:

COGS-Sales = gross profit

net income = gross profit-expense

answered
User Alex Li
by
8.2k points
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