1) Gross profit is defined in the book as the difference between total revenue and total cost of goods sold. It is said that the big component separating gross profit from net profit is overhead costs. Does this mean that net profit is total revenue minus TCOGS and all overhead costs?

2) Noncurrent assets are considered long term assets (held for more than one fiscal year) and generally, they cannot be liquidated quickly. However, I didn't quite understand what would be categorized as an "Other noncurrent assets". What falls into this category outside of the specified subcategory and how is this broken down?