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Vertical Analysis Income statement information for Eins worth Corporation follows: Sales$196,000Cost of goods sold 50,960Gross profit 145,040 Prepare a vertical analysis of the income statement

Vertical Analysis

Income statement information for Eins worth Corporation follows:

Sales$196,000Cost of goods sold 50,960Gross profit 145,040

Prepare a vertical analysis of the income statement for Eins worth Corporation. If required, round percentage answers to the nearest whole number.

Einsworth CorporationVertical Analysis of the Income StatementAmountPercentageSales$196,000%Cost of goods sold 50,960 Gross profit$145,040%

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