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Terms such as net profit margin, net profit formula, cost-of-goods-sold, or gross profit margin are just numbers. Reading a financial statement is at the bottom of your “To-Do List.” You’ve wondered what the numbers have to do with running a subscription service. Gross profit only consists of the expenses straight tied to the production facility, although non-production fees like company overhead for the corporate workplace is not incorporated. Auditors will examine actual inventory count and gross profit value to appear for any discrepancies. Even management is recognized to use this method when preparing economic statements for a provided period. That...