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Unlike secondary active transport, primary active transport
Net Sales
The revenue generated from sales activities after deducting returns, allowances, and discounts, representing the actual income earned by a business from its core operations.
Net Income
The total profit of a company after all revenues, costs, and expenses have been deducted, also known as the bottom line.
Acid-Test Ratio
A financial indicator that assesses the capacity of a business to settle its short-term obligations using its liquid assets.
Single-Step Income Statement
A form of income statement where all expenses are subtracted from total revenue in one step to arrive at net income.
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