Vertical Analysis

Income statement information for Einsworth Corporation follows:

Sales$553,000Cost of goods sold199,080Gross profit353,920

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 StatementAmountPercentageSales$553,000%Cost of goods sold199,080Gross profit$353,920%