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Income statement information for Einsworth Corporation follows: Sales Cost of goods sold Gross profit $519,000 176,460 342,540 Prepare a vertical analysis of the income
Income statement information for Einsworth Corporation follows: Sales Cost of goods sold Gross profit $519,000 176,460 342,540 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 Line Item Description Amount Percentage Sales $519,000 % Cost of goods sold 176,460 Gross profit $342,540 %
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