10.

Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $469,000 Cost of goods sold 131,320 Gross profit 337,680 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $469,000 28 X % Cost of goods sold 131,320 Gross profit $337,680 % Feedback Check My Work Divide each element by sales to determine the vertical analysis percentage