Examlex
Which of the following is TRUE about China?
Net Sales
Net sales represent the revenue a company generates from its business activities, after subtracting returns, allowances for damaged goods, and discounts.
Gross Profit
The financial metric representing the difference between a company's net sales and the cost of goods sold, indicating the basic profitability of products.
Net Income
A company's financial gain after removing expenses and tax liabilities from its total revenue.
Gross Profit Rate
Gross profit expressed as a percentage, by dividing the amount of gross profit by net sales.
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