Vertical Analysis
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
$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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* CengageNOWv2 | Online teachin x
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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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