Vertical Analysis

Income statement information for Einsworth Corporation follows:

Sales	$420,000
Cost of goods sold	105,000
Gross profit	315,000

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

	Amount	Percentage
Sales	$420,000	fill in the blank 1%
Cost of goods sold	105,000	fill in the blank 2
Gross profit	$315,000	fill in the blank 3%