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Financial Information Worksheet Nicholls State University

Financial Information Worksheet Nicholls State University

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here's how to build an income statement total up your revenues for the year subtract out your cost of goods sold and the resulting number is your gross profit but don't forget about all the other expenses like payroll rent advertising and office when you subtract your general and administrative expenses from your gross profit the remaining number is your net income for additional analytics calculate the percentage of each expense divided by revenue and that will show you exactly where every single dollar in your business goes if you're happy with the net income and congratulations you've got yourself a nice profitable business

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