We first subtract the cost of goods sold (COGS) from total revenue to calculate the gross profit. COGS totals $126,584 million. Selling, administrative, and other fixed expenses aren't included.

It shows how efficiently a business turns revenue into profit before accounting for overhead ... Costs are subtracted from revenue to calculate net income or the bottom line.

This investment calculator will calculate how much your investments ... any investment is to get more cash out than you put in. The profit (or loss) you incur is your "return on investment." ...

Use this formula to calculate COGS: Beginning Inventory + Purchases – Ending Inventory = COGS Although COGS is an expense, it’s listed separately for tax purposes — the IRS allows you to deduct COGS ...