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What is an Income Statement?

Small Biz Trends

An income statement shows a company’s revenue, total operating expenses, and net income. They Indicate Profitability. These statements provide a good picture of a company’s profitability. Take expenses and subtract revenues to get net profit for a reporting period. Net Income.

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Margin vs Markup. What is the Difference?

Retail Bound

Gross profit = (Total Sales – Cost of Goods Sold) Net profit – Measures the profitability after accounting for all business operational expenses. If the business makes more than it spends, it is a net profit. If it makes less, that is a net loss. The post Margin vs Markup.