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In reviewing the income statement of a profitable company, one can see that it begins with at the top and ends with operating expenses gross

In reviewing the income statement of a profitable company, one can see that it begins with

at the top and ends with

operating expenses

gross profits

sales revenue

interest expense

net loss after taxes

cost of goods sold

taxes

net profits before taxes

operating profits (EBIT)

net profits after taxes

at the bottom. Had there been a loss for the year, the final result would have been a

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