Vertical Analysis

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Vertical Analysis
Income statement information for Einsworth Corporation follows:
Sales
$337,000
Cost of goods sold
101,100
Gross profit
235,900
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
$337,000
Cost of goods sold
101,100
$235,900
%
Gross profit
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Transcribed Image Text:* CengageNOWv2| Online teachir X * CengageNOWv2 | Online teachin x +. now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. * D eBook Show Me How Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $337,000 Cost of goods sold 101,100 Gross profit 235,900 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 $337,000 Cost of goods sold 101,100 $235,900 % Gross profit Previous Nex Check My Work 67°F Sunny iort sc delete home PA0 1A4 4+ 4- backspace
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