Inventory is an asset. Figuring its value is important when you're running financial metrics, just like knowing the value of your factory or the expense of administrative overhead. The gross profit ...

Gross profit is the difference between sales and cost of goods sold, which is the difference between the cost of goods available for sale and the ending inventory. Companies typically do a physical ...

One of the most important financial concepts you will need to learn in running your new business is the computation of gross profit. And the tool that you use to maintain gross profit is markup. The ...