Income statement information for Einsworth Corporation follows: Sales ....................................................................$1,500,000 Cost of goods sold ..................................................900,000 Gross profit .............................................................600,000

Question:

Income statement information for Einsworth Corporation follows:

Sales ....................................................................$1,500,000
Cost of goods sold ..................................................900,000
Gross profit .............................................................600,000

Prepare a vertical analysis of the income statement for Einsworth Corporation.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...