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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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