To calculate net sales, you start with gross sales, which is the total revenue from all sales transactions before any deductions. From this figure, you subtract returns, allowances and discounts.

However, if the transaction is accounted for via the net sales method, Apple would only record $0.30 in revenue. Gross profit would be the entire $0.30, as Apple has never included the $0.70 it ...

If you had $5,000 in returns, your net sales were $75,000 . To get your inventory-to-sales ratio, divide inventory value ( $28,000) by inventory sales ( $75,000) to get 0.37.

SEC EDGAR Again, the equation for net income is: Net income = Revenue - cost of goods sold - expenses Let's take all revenue which includes all sales and income. These numbers are listed as ...