Question
Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $417,000 Cost of goods sold 145,950 Gross profit 271,050 Prepare a vertical analysis of the
Vertical Analysis
Income statement information for Einsworth Corporation follows:
| Sales | $417,000 | |
| Cost of goods sold | 145,950 | |
| Gross profit | 271,050 |
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 | $417,000 | % |
| Cost of goods sold | 145,950 | |
| Gross profit | $271,050 | % |
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Woody Liao, Andrew Schiff, Stacy Kline
6th Edition
1516551702, 9781516551705
