Cash or other resources that management expects to convert to cash or consume during the next fiscal year. A bank account is a current asset.

the excess of gross profit over operating expenses.

The amount of profit earned by a business during a fiscal period (ie, month, quarter or year).

the ratio of net income to sales (also called return on sales).

The ratio of gross profit to sales revenues; it measure the efficiency in the production or purchase of goods or services for sale.

The difference between the price a seller receives for goods or services and the total cost to the seller of all resources consumed in developing, producing, and selling those goods or services during a particular period.

The amount earned from selling goods and services.

Revenue that identifies the amount a company earns from selling its products.

A liability account that results when a company receives cash from a customer for goods or services to be provided in the future.

The amount a company expect to receive when it sells goods or services.