Question
Vertical analysis Income statement information for Einsworth Corporation follows: Line Item Description Amount Sales $1,500,000 Cost of goods sold 900,000 Gross profit 600,000 Prepare a
Vertical analysis
Income statement information for Einsworth Corporation follows:
Line Item Description
Amount Sales $1,500,000
Cost of goods sold 900,000
Gross profit 600,000
Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number.
Einsworth Corporation Vertical Analysis of the Income Statement.
Line Item Description: Amount Percentage
Sales $1,500,000 %?
Cost of goods sold 900,000
Gross profit $600,000 %?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
