Month: June 2021

The main difference between COGS and cost of sales is that COGS refers to the cost of making a product, while cost of sales refers to the cost of a product which has been sold. At the end of the period, calculate your closing inventory by running through the same process you…

If a company has a current ratio of 100% or above, this means that it has positive working capital. The current ratio is a rough indicator of the degree of safety with which short-term credit may be extended to the business. On the other hand, the current liabilities are those…