Vertical Analysis

Income statement information for Einsworth Corporation follows:

Sales $209,000

Cost of goods sold 60,610

Gross profit 148,390

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	$209,000	%
Costs of goods cold	60,610
Gross profit	$148,390	%