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Do I subtract profit from sales and subtract COGS from profit? 1. Sales revenue earned from the following : a. Sale of products b. COGS
Do I subtract profit from sales and subtract COGS from profit?
1. Sales revenue earned from the following:
a.Sale of products
b.COGS
Income Statement
2017 2016 2015 2014
Sales Revenue $ 78,935 $ 69,248 $ 47,497 $ 53,895
Cost of Goods Sold $ 39,675 $ 33,932 $ 22,799 $ 30,720
Gross profit $ 39,260 $ 35,316 $ 24,698 $ 23,175
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