acc311 at The University of Texas

2. Gross Profit vs Net Profit

in Chapter 3 (Video 2 of 5)
Gross vs Net? What do those words mean? What's the difference between those two "profits"?

This Video Mentioned Some Formulas

Profit Margin = Net Income / Sales Revenue
Sales
– COGS
Gross Profit
Gross Profit Margin = Gross Profit / Sales Revenue
Gross Profit Ratio is the same as Gross Profit Margin

Did I miss anything in Chapter 3?

What Did I Miss?