Income Statement Steps,”Income Statement= Sales- COGS= Gross Profit-Operating Expenses (Sales, General and Administrative Expenses)= Earnings before Interest and Taxes (Operating Profit)- Int. Expense

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Income Statement Steps,”Income Statement= Sales- COGS= Gross Profit-Operating Expenses (Sales, General and Administrative Expenses)= Earnings before Interest and Taxes (Operating Profit)- Int. Expense

Tax Expense= NI”