Vertical Analysis

Income statement information for Einsworth Corporation follows:

Sales $369,000

Cost of goods sold $114,390

Gross profit $254,610

Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number.

Einsworth CorporationVertical Analysis of the Income Statement

Amount Percentage

Sales $369,000

Cost of goods sold $114,390

Gross profit $254,610