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5 Cards in this Set
- Front
- Back
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What does an income statement tell
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revenues and expenses
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what does a balance sheet tell
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TELL YOU WHAT YOU HAVE...ASSETS LIABLITIES
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WHAT ARE YOU DOING WITH GROSS PROFIT MARGIN AND NET PROFIT MARGIN
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TURNING PROFIT INTO A PERCENTAGE
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FORMULA FOR GROSS PROFIT MARGIN
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GROSS PROFIT / NET SALES
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GROSS PROFIT
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NET SALES - COST OF GOODS SOLD
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