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%