Income statement information for Thain Corporation is provided below. Sales ...........$850,000 Cost of goods sold ...... 493,000

Question:

Income statement information for Thain Corporation is provided below.

Sales ...........$850,000

Cost of goods sold ...... 493,000

Gross profit ........ 357,000

Prepare a vertical analysis of the income statement for Thain Corporation.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...