Mike Anderson says labor gross profit only makes sense when shops understand how employee costs are reflected in their P&L.

A profit and loss statement summarizes a business’s revenue and expenses. Learn how to use a profit and loss statement to ...

Discover how gross profit and operating income differ and why both are crucial in assessing a company’s financial health. Get ...

When investors evaluate a company’s financial health, most tend to look at net profit first. It is a headline number, prominently displayed in quarterly results and reports. However, while profit is ...