Income statement information for Einsworth Corporation follows: Sales $230,000 Cost of goods sold 75,900 Gross profit 154,100 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 $230,000 fill in the blank 1% Cost of goods sold 75,900 fill in the blank 2 Gross profit $154,100 fill in the blank 3%
Income statement information for Einsworth Corporation follows: Sales $230,000 Cost of goods sold 75,900 Gross profit 154,100 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 $230,000 fill in the blank 1% Cost of goods sold 75,900 fill in the blank 2 Gross profit $154,100 fill in the blank 3%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vertical Analysis
Income statement information for Einsworth Corporation follows:
| Sales | $230,000 | |
| Cost of goods sold | 75,900 | |
| Gross profit | 154,100 |
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 | $230,000 | fill in the blank 1% |
| Cost of goods sold | 75,900 | fill in the blank 2 |
| Gross profit | $154,100 | fill in the blank 3% |
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