Vertical Analysis

Income statement information for Ivanoff Corporation follows:

Sales	$325,000
Cost of goods sold	87,750
Gross profit	237,250

Prepare a vertical analysis of the income statement for Ivanoff Corporation. If required, round percentage answers to the nearest whole number.

Ivanoff Corporation Vertical Analysis of the Income Statement

	Amount	Percentage
Sales	$325,000	fill in the blank
Cost of goods sold	87,750	fill in the blank
Gross profit	$237,250	fill in the blank