A company's income statement shows how much money it brought in as revenue or sales, how much it spent on expenses, and how much profit or loss -- also called net income -- was generated for a given ...

Cost of goods sold (COGS) is an important metric contributing to a business's overall gross profit and long-term growth prospects. This key performance indicator impacts everything from your tax rate ...

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...