Discover how gross profit and operating income differ and why both are crucial in assessing a company’s financial health. Get ...

Operating results come from the core operations of a small or large business. The core operations are part of a company's mission statement. For example, a retailer sells goods while a management ...

What Is An Income Statement? An income statement lists a company’s income, expenses, and resulting profits over a specific time frame, usually a quarter or fiscal year. Companies create income ...

Editor’s Note: This post is focused on helping you understand profit and loss statements. This financial statement is used by most small business owners to help assess business profits and losses ...