1. Vertical Analysis

   Income statement information for Einsworth Corporation follows:

   Sales	$345,000
   Cost of goods sold	86,250
   Gross profit	258,750

   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	$345,000	%
   Cost of goods sold	86,250	%
   Gross profit	$258,750	%