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Home > Education > Homework Help > Finance & Accounting   »   net sales-cost of goods sold=

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Old Aug 4, 2006, 01:28 PM
callie76530
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net sales-cost of goods sold=
What is the net sales minus cost of goods sold?

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Old Aug 5, 2006, 04:27 AM   #2  
mh34
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Net Sales
-COGS
=Gross margin
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Old Aug 5, 2006, 11:01 AM   #3  
CaptainForest
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MH34 is correct.

Net Sales - Cost of Good Sold = Gross Margin

And to continue on with that

Gross Margin - Operating Expenses = Net Income (or Net Loss)

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