Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $509,000   Cost of goods sold 137,430   Gross profit 371,570   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 $509,000 % Cost of goods sold 137,430 % Gross profit $371,570 %

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Chapter1: Financial Statements And Business Decisions
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Vertical Analysis

Income statement information for Einsworth Corporation follows:

Sales $509,000  
Cost of goods sold 137,430  
Gross profit 371,570  

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 $509,000 %
Cost of goods sold 137,430 %
Gross profit $371,570 %
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