For example, a company in the manufacturing industry would likely have COGS listed. In contrast, a company in the service industry would not have COGS, instead, their costs might be listed under operating expenses. The general formula for net income could be expressed as: Net Income=Total Reve...
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Depending on a company’s transparency, these may be listed individually under the heading SG&A. Widget Wizard’s selling, general, and administrative expenses totaled $25 million for the period. 5. Operating profit/income This is gross profit minus SG&A expenses. Operating profit, or operating ...