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Income statement information for Einsworth Corporation follows: Sales $296,000 Cost of goods sold 85,840 Gross profit 210,160 Prepare a vertical analysis of the income statement

Income statement information for Einsworth Corporation follows:

Sales $296,000
Cost of goods sold 85,840
Gross profit 210,160

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
Amount Percentage
Sales $296,000 fill in the blank 1%
Cost of goods sold 85,840 fill in the blank 2
Gross profit $210,160 fill in the blank 3%

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