Question
Income statement information for Einsworth Corporation follows: Sales $463,000 Cost of goods sold 157,420 Gross profit 305,580 Prepare a vertical analysis of the income statement
Income statement information for Einsworth Corporation follows:
| Sales | $463,000 | |
| Cost of goods sold | 157,420 | |
| Gross profit | 305,580 |
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 | $463,000 | % |
| Cost of goods sold | 157,420 | % |
| Gross profit | $305,580 | % |
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ISE Managerial Accounting For Managers
Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison
5th Edition
1260570010, 9781260570014
