ncome statement information for Einsworth Corporatio ollows: Sales Cost of goods sold Gross profit $298,000 104,300 193,700 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 $298,000 Cost of goods sold 104,300 Gross profit $193,700 % %

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Vertical Analysis
Income statement information for Einsworth Corporation
follows:
Sales
Cost of goods sold
Gross profit
$298,000
104,300
193,700
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
$298,000
Cost of goods sold 104,300
Gross profit
$193,700
%
%
Transcribed Image Text:Vertical Analysis Income statement information for Einsworth Corporation follows: Sales Cost of goods sold Gross profit $298,000 104,300 193,700 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 $298,000 Cost of goods sold 104,300 Gross profit $193,700 % %
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