We appreciate you taking the time to fill out the form. You may also call us at: 1-888-868-1776.COGS is deducted from revenues (sales) in order to calculate gross profit and gross margin. Higher COGS results in lower margins. In preparing income statement, a few formulas are applicable as summarized below: Sales - Cost of Goods Sold = Gross Profit. Terms are Exclusive. I think Franklin should have sold the formula for making crack to Lucia. Take your calculations all the way to computing earnings per share. To complete the sales budget for Franklin Company, we need to. Franklin International provides the world with industry-leading construction adhesives, manufacturing adhesives, flooring adhesives, and woodworking glues.