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5 Cards in this Set

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