chapter 16

Vertical analysis

Income statement information for Einsworth Corporation follows:

Line Item Description	Amount
Sales	$256,000
Cost of goods sold	84,480
Gross profit	171,520

Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number.

blank Einsworth Corporation Vertical Analysis of the Income Statement

Line Item Description	Amount	Percentage
Sales	$256,000	Sales%
Cost of goods sold	84,480	Cost of goods sold
Gross profit	$171,520	Gross profit%