Vertical Analysis

Income statement information for Einsworth Corporation follows:

Sales$502,000Cost of goods sold130,520Gross profit371,480

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 $502,000 %

Cost of goods sold $130,520 %

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Gross profit $371,480 %