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Income Statement
A formal statement of the parts used in determining an organization net income that is called profit and loss statement. The several categories reported in an income statement are those: sales, gross margin, and income from operations, income before tax, income before extraordinary items, income from continuing operations, or cumulative effect and net income.
Explain the term- Interest cover Interest cover =Profit before interest and tax (PBIT)/ Interest payable(no. of times) Interest cover represents the safety of earnings tha
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