cost of goods sold

cost of goods sold definition - finance
A financial ratio that shows how much a company paid to be able to sell its product or services. It doesnÂ’t include interest expense or taxes. To arrive at cost of goods sold, subtract sales from gross profits.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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