Notes explain the financial statements' numbers and any significant events affecting them. Notes also provide additional detail and provide supplementary financial information. Also called footnotes. O operating expenses. Costs related to a company's operations.
Examples are salaries, advertising, sales commissions, travel, and entertainment.
Listed as a category on the statement of earnings. The result of deducting the cost of all sales and operating expenses from a company's net sales. Listed on the statement of earnings. A measure of the relative size of two numbers. Ratios provide a quick way to compare a company to its performance over time, to other companies in the same industry, and to the industry average.