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EE Income statement information for Turay Corporation follows: Sales $200,000 Cost of merchandise sold 140,000 Gross profit 60,000 Prepare a vertical analysis of the income

EE Income statement information for Turay Corporation follows:

Sales

$200,000

Cost of merchandise sold

140,000

Gross profit

60,000

  • Prepare a vertical analysis of the income statement for Turay Corporation.

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