When a company states its financial results in its annual report, it typically presents its income statement in the following way: Revenue – ………………………….. (lost of Goods Sold (including some depreciation) Gross Profit – ………………………….. Selling, General, and Administrative Expenses – ………………………….. Research and Development Depreciation Operating Profit +/- ………………………… Net Interest (income and expense) Net Profit before Income Taxes – ………………………….. Taxes Net Profit …
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