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2020 ANNUAL REPORTTECHNOLOGYenabling a better life2020 ANNUAL REPORTnancial highlights ANNUAL NET SALESEPSOPERATING CASH FLOW(in millions)(in millions)$$490544$$588627FY2016FY2017FY2018FY$2019548FY$20200.17$$0.830.51$$1.020.47$$102118$$111184$119FY2016FY2017FY2018×FY2019×FY2020FY2016FY2017FY2018FY2019FY2020BALANCE
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How to fill out annual net sales
How to fill out annual net sales
01
Gather all sales data for the entire year including all products and services sold.
02
Calculate the total sales revenue generated from these products and services.
03
Deduct any returns or refunds issued to customers throughout the year.
04
Exclude any sales taxes or other fees from the total sales revenue.
05
Create a report or document that clearly outlines the annual net sales figure.
Who needs annual net sales?
01
Business owners and executives use annual net sales to gauge the financial performance of their company over the past year.
02
Investors and shareholders may also be interested in annual net sales as a measure of the company's growth and profitability.
03
Government agencies and regulatory bodies may use annual net sales to ensure compliance with financial reporting requirements.
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What is annual net sales?
Annual net sales refers to the total amount of revenue generated from selling goods or services after accounting for any returns, discounts, and allowances.
Who is required to file annual net sales?
Businesses, corporations, or self-employed individuals who generate revenue from selling goods or services are required to file annual net sales.
How to fill out annual net sales?
Annual net sales can be filled out by gathering all sales data for the year, subtracting any returns or discounts, and calculating the net sales figure.
What is the purpose of annual net sales?
The purpose of annual net sales is to assess the performance of a business, calculate profits, and determine the company's financial health.
What information must be reported on annual net sales?
Annual net sales report should include total revenue, returns, discounts, allowances, and the final net sales figure.
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