Question: chapter 16 Vertical analysis Income statement information for Einsworth Corporation follows: Line Item Description Amount Sales $256,000 Cost of goods sold 84,480 Gross profit 171,520

chapter 16

Vertical analysis

Income statement information for Einsworth Corporation follows:

Line Item Description Amount
Sales $256,000
Cost of goods sold 84,480
Gross profit 171,520

Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number.

blank Einsworth Corporation Vertical Analysis of the Income Statement
Line Item Description Amount Percentage
Sales $256,000 Sales%
Cost of goods sold 84,480 Cost of goods sold
Gross profit $171,520 Gross profit%

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