Vertical Analysis

Income statement information for Einsworth Corporation follows:

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

make 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

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amount percentage

sales 502,000

costs of goods sold 130,520

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gross profit $371,480