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

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.


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