Question
Using the income statement information for Einsworth Corporation that follows, prepare a vertical analysis of the income statement for Einsworth Corporation. Einsworth Corporation Income Statement
Using the income statement information for Einsworth Corporation that follows, prepare a vertical analysis of the income statement for Einsworth Corporation.
| Einsworth Corporation |
| Income Statement |
| 1 |
| Amount | Percentage |
| 2 | Sales | $1,200,000.00 | |
| 3 | Cost of goods sold | 780,000.00 | |
| 4 | Gross profit | $420,000.00 |
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Auditing Theory And Practice
Authors: C. William Thomas, Bart Ward, Emerson Henke
3rd Edition
0534920748, 978-0534920746
