Perform a vertical analysis of the P&L (FS Company)."Formula: Vertical Analysis % Each income statement items / Revenues (or Net sales)Fill in each Blank. Round your answers to the nearest tenth percent, i.e. 4.5%. PLEASE SUBMITYOUR ANSWERS IN % and include the % symbol. Do not leave any blank. If the answer is 0, besure to put 0.Cost ofgoods soldGrossprofitNet sales $858,000 Select]OtherexpensesInterestrevenueIncomefromoperationsInterestexpense2018IncomebeforeincometaxesIncometaxexpenseNetincome513,000345,000244,000101,0004,00024,00081,00033,000FS CompanyComparative P&L statementYears Ended December 31, 2018 and 201748,000% of salesSelect J[Select]| Select |[Select][Select][Select][ Select]Select]Select<2017$803,000✓ 509,000✓294,000✓ 237,000<✓ 57,000114,000✓43,000✓ 17,000✓26,000% of sales[Select][ Select][Select]| Select]| Select][ Select]| Select]| Select][Select][Select]<<VV><>>>

Vertical analysis of a Profit and Loss (P&L) account is a financial analysis approach that…

Perform a vertical analysis of the P&L (FS Company). "Formula: Vertical Analysis % Each income statement items / Revenues (or Net sales) Fill in each Blank. Round your answers to the nearest tenth percent, i.e. 4.5%. PLEASE SUBMIT YOUR ANSWERS IN % and include the % symbol. Do not leave any blank. If the answer is 0, be sure to put 0. Cost of goods sold Gross profit Net sales $858,000 Select] [ Other expenses Interest revenue Income from operations Interest expense Income before income. taxes 2018 Income tax expense Net Income 513,000 345,000 244,000 101,000 4,000 24,000 81,000 33,000 FS Company Comparative P&L statement Years Ended December 31, 2018 and 2017 48,000 % of sales | Select) [Select] | Select] [Select] [Select] [Select] [Select] [Select] Select < 2017 ✓ 509,000 $803,000 ✓294,000 ✓237,000 V ✓57,000 < *** 14,000 ✓43,000 ✓ 17,000 ✓26,000 % of sales [Select] [ Select] | Select | | Select] | Select] | Select] [Select] | Select [Select] Select] < < < V V < > >

Perform a vertical analysis of the P&L (FS Company). "Formula: Vertical Analysis % Each income statement items / Revenues (or Net sales) Fill in each Blank. Round your answers to the nearest tenth percent, i.e. 4.5%. PLEASE SUBMIT YOUR ANSWERS IN % and include the % symbol. Do not leave any blank. If the answer is 0, be sure to put 0. Cost of goods sold Gross profit Net sales $858,000 Select] [ Other expenses Interest revenue Income from operations Interest expense Income before income. taxes 2018 Income tax expense Net Income 513,000 345,000 244,000 101,000 4,000 24,000 81,000 33,000 FS Company Comparative P&L statement Years Ended December 31, 2018 and 2017 48,000 % of sales | Select) [Select] | Select] [Select] [Select] [Select] [Select] [Select] Select < 2017 ✓ 509,000 $803,000 ✓294,000 ✓237,000 V ✓57,000 < *** 14,000 ✓43,000 ✓ 17,000 ✓26,000 % of sales [Select] [ Select] | Select | | Select] | Select] | Select] [Select] | Select [Select] Select] < < < V V < > >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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chapter 3 4. Given the information below, what is the profit percent? Round your answer to two decimal places and add a percent sign (i.e. 15.37%) Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570 Expenses 138,140
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Income statement information for Einsworth Corporation follows: Sales $586,000 Cost of goods sold 181, 660 Gross profit 404, 340 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. blank Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $586, 000 fill in the blank 1 % Cost of goods sold 181, 660 fill in the blank 2 Gross profit $404, 340 fill in the blank 3 %
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