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Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $205,000 Cost of goods sold 57,400 Gross profit 147,600 Prepare a vertical analysis of the
Vertical Analysis
Income statement information for Einsworth Corporation follows:
Sales | $205,000 | |
Cost of goods sold | 57,400 | |
Gross profit | 147,600 |
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 | ||
Amount | Percentage | |
Sales | $205,000 | % |
Cost of goods sold | 57,400 | % |
Gross profit | $147,600 | % |
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