Income statement information for Einsworth Corporation is provided below. Sales ..........$1,200,000 Cost of goods sold..... 780,000 Gross profit........ 420,000 Prepare a vertical analysis of the income statement for Einsworth Corporation.

Chapter 15, Practice Exercises #4

Income statement information for Einsworth Corporation is provided below.

Sales ..........$1,200,000

Cost of goods sold..... 780,000

Gross profit........ 420,000

Prepare a vertical analysis of the income statement for Einsworth 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...