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Income statement information for Einsworth Corporation follows: Sales $555,000 ...

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Accounting

Income statement information for Einsworth Corporation follows:

Sales $555,000
Cost of goods sold 194,250
Gross profit 360,750

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 $555,000 fill in the blank 1%
Cost of goods sold 194,250 fill in the blank 2
Gross profit $360,750 fill in the blank 3%

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