Question: Question Content Area Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $491,000 Cost of goods sold 142,390 Gross profit 348,610 Prepare a vertical

Question Content Area

Vertical Analysis

Income statement information for Einsworth Corporation follows:

Sales $491,000
Cost of goods sold 142,390
Gross profit 348,610

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 $491,000 fill in the blank 1%
Cost of goods sold 142,390 fill in the blank 2
Gross profit $348,610 fill in the blank 3%

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