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Current Year
Refers to the ongoing calendar or fiscal year in which business is conducted or accounting is measured.
Income Statement
A financial statement that shows a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.
Contribution Margin
The difference between sales revenue and variable costs of a product or service, indicating how much contributes towards covering fixed costs and generating profit.
Gross Margin
A financial measurement that calculates the difference between a company’s total revenue and the cost of goods sold, expressed as a percentage of total revenue.
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