Using the income statement information for Omega Corporation that follows, prepare a vertical analysis of the income statement for Omega Corporation. If required, round percentages to one decimal place. Percentage sign will appear automatically. Omega Corporation Income Statement 1 Amount Percentage 2 Sales $500,000.00 3 Cost of goods sold 300,000.00 4 Gross profit $200,000.00
Using the income statement information for Omega Corporation that follows, prepare a vertical analysis of the income statement for Omega Corporation. If required, round percentages to one decimal place. Percentage sign will appear automatically. Omega Corporation Income Statement 1 Amount Percentage 2 Sales $500,000.00 3 Cost of goods sold 300,000.00 4 Gross profit $200,000.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Using the income statement information for Omega Corporation that follows, prepare a vertical analysis of the income statement for Omega Corporation. If required, round percentages to one decimal place. Percentage sign will appear automatically.
Omega Corporation
|
Income Statement
|
1
|
|
Amount
|
Percentage
|
2
|
Sales
|
$500,000.00
|
|
3
|
Cost of goods sold
|
300,000.00
|
|
4
|
Gross profit
|
$200,000.00
|
|
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