gross profit is divided by net sales.
Formula for net sales is as follows: Net sales = Actual sales - sales returns and discount allowed
Net sales = Total sales - sales returns and discounts
Net Sales..
Net sales = Total sales - Sales returns and allowances
compute nased on net sales
gross profit is divided by net sales.
Net sales$10,810 Total assets4,502 End of year balance in cash1,097 Total stockholders' equity363 Gross profit (Sales - Cost of Sales).2,510 Net increase in cash for the year17 Operating expenses2,057 Net operating cash flow739 Other income (expense), net(15)
ismieal
Net sales and Net Income are not of the same thing. Net sales is sales less its contra accounts (sales returns and allowances, sales discounts). On the other hand, net income or profit is net sales less the expenses.
Formula for net sales is as follows: Net sales = Actual sales - sales returns and discount allowed
Net sales = Total sales - sales returns and discounts
Net Sales..
Net sales = Total sales - Sales returns and allowances
net single premium
sales sales revenue minus net sales revenue
Rate of Return on Net Sales = (Net Income) / (Total Sales)