Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $376,000 Cost of goods sold 116,560 Gross profit 259,440 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 Sales Amount Percentage $376,000 % Cost of goods sold 116,560 Gross profit $259,440 %

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.1E
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Vertical Analysis
Income statement information for Einsworth Corporation follows:
Sales
$376,000
Cost of goods sold
116,560
Gross profit
259,440
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
Sales
Amount Percentage
$376,000
%
Cost of goods sold 116,560
Gross profit
$259,440
%
Transcribed Image Text:Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $376,000 Cost of goods sold 116,560 Gross profit 259,440 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 Sales Amount Percentage $376,000 % Cost of goods sold 116,560 Gross profit $259,440 %
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