Vertical Analysis

Income statement information for Einsworth Corporation follows:

Sales	$392,000
Cost of goods sold	113,680
Gross profit	278,320

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	$392,000	%
Cost of goods sold	113,680	%
Gross profit	$278,320	%