eBook Show Me How Calculator Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $265,000 Cost of goods sold 98,050 Gross profit 166,950 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the new number. Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $265,000 100 % Cost of goods sold 98,050 0.99 X % Gross profit $166,950 1.67 X % Feedback Check My Work Divide each element by sales to determine the vertical analysis percentage. Learning Objective 2. proyes-lase eBook Show Me How Calculator Accounts Receivable Analysis A company reports the following: Sales $657,000 Average accounts receivable (net) 43,800 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nea dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover 15 b. Number of days' sales in receivables 657 x days Feedback Check My Work a. Divide sales by average accounts receivable. b. Divide average accounts receivable by average daily sales. Average daily sales are Sales divided by 365 days. Learning Objective 3