9.

Module 7 Problem Set Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $230,000 Cost of goods sold 73,600 Gross profit 156,400 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 $230,000 % > Cost of goods sold 73,600 Gross profit $156,400 % Module 7 Problem Set Accounts Receivable Analysis A company reports the following: Sales $1,044,630 Average accounts receivable (net) 38,690 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days