What is sales revenue,less cost of goods sold and operating expenses,called for income statement purposes?

Question

Quizplus · Accepted Answer

The given description refers to EBIT (Earnings Before Interest and Taxes), which is calculated by subtracting cost of goods sold and operating expenses from the total sales revenue. It is used to determine the profitability of the company's normal business operations before factoring in interest expenses and income taxes.

What Is Sales Revenue,less Cost of Goods Sold and Operating