Show me the steps to solve Which of the following statements regarding profitability are correct?

a$.$

Profitability is money generated from the activities of the business.

b$.$

Profitability refers to the ability of a business to earn a profit.

c$.$

Profitability can be explained as what is left of the revenue generated by a business after paying all expenses directly related to the generation of the revenue.

d$.$

Income and expenses are not recognised as measures of profitability.