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Using the income statement information for Axiom Corporation that follows, prepare a vertical analysis of the income statement for Axiom Corporation. If required, round percentages

Using the income statement information for Axiom Corporation that follows, prepare a vertical analysis of the income statement for Axiom Corporation. If required, round percentages to one decimal place. Axiom Corporation Income Statement 1 Amount Percentage 2 Sales $725,000.00 3 Cost of goods sold 391,500.00 4 Gross profit $333,500.00

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