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Income statement information for Sheaf Corporation is provided below. Sales $400,000 Cost of goods sold 120,000 Gross profit 280,000 Prepare a vertical analysis of the

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Income statement information for Sheaf Corporation is provided below. Sales $400,000 Cost of goods sold 120,000 Gross profit 280,000 Prepare a vertical analysis of the income statement for Sheaf Corporation. If required, round percentage answers to the nearest whole number

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