To calculate his company's _____, Edgar will deduct operating expenses from gross profits.

Name: To calculate his company's _____, Edgar will deduct operating expenses from gross profits.
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Question

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Operating profits are calculated by subtracting operating expenses from gross profits. The cost of goods sold is just one component of operating expenses, and profits before taxes and retained earnings are calculated after deducting other expenses like interest and taxes.

To Calculate His Company's _____, Edgar Will Deduct Operating Expenses