Gross Revenues: Values of all sales and service prior to discounts & allowances. Current Assets: Cash, marketable securities, accounts receivable, inventory. Inventory: Value of finished goods, work in progress, and raw materials. Fixed Assets: Value of all land, buildings, machinery, equipment, furniture, & fixtures. Current Liabilities: Bank notes, trade notes, accounts payable, due within one-year. Long-term Liabilities: Notes, mortgages, and other accounts due in one year or more. Net Sales: All sales less discounts & allowances Gross Profit: Net sales less the cost of goods sold. Net Operating Profit: Gross profit less: expenses (general & administrative, interest, depreciation) and officer's compensation.