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Gross Profit
Gross profit is the financial metric that results from subtracting the cost of goods sold from revenue, showing the profitability of a company before accounting for operating expenses.
Income from Operations
Net earnings generated from a company's normal business operations, excluding revenues and expenses from non-operational activities.
Periodic Inventory System
An inventory system where updates to inventory levels are made on a periodic basis rather than continuously.
Cost of Goods Sold
Cost of Goods Sold (COGS) refers to the direct costs attributable to the production of the goods sold by a company, including materials and labor.
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