Question
Using the income statement information for Omega Corporation that follows, prepare a vertical analysis of the income statement for Omega Corporation. If required, round percentages
Using the income statement information for Omega Corporation that follows, prepare a vertical analysis of the income statement for Omega Corporation. If required, round percentages to one decimal place.
Score: 3/10
| Omega Corporation |
| Income Statement |
| 1 |
| Amount | Percentage |
| 2 | Sales | $500,000.00 | |
| 3 | Cost of goods sold | 300,000.00 | |
| 4 | Gross profit | $200,000.00 |
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
