Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $534,000 Cost of goods sold 192,240 Gross profit 341,760 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 $534,000 % Cost of goods sold 192,240 Gross profit $341,760 %
Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $534,000 Cost of goods sold 192,240 Gross profit 341,760 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 $534,000 % Cost of goods sold 192,240 Gross profit $341,760 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vertical Analysis
Income statement information for Einsworth Corporation follows:
Sales | $534,000 | |
Cost of goods sold | 192,240 | |
Gross profit | 341,760 |
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 | $534,000 | % |
Cost of goods sold | 192,240 | |
Gross profit | $341,760 | % |
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