70.2K
Verified Solution
Link Copied!
ncome statement information for Einsworth Corporation follows:
Sales | $578,000 | |
Cost of goods sold | 184,960 | |
Gross profit | 393,040 | |
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 | $578,000 | fill in the blank 1% |
Cost of goods sold | 184,960 | fill in the blank 2 |
Gross profit | $393,040 | fill in the blank 3 |
Answer & Explanation
Solved by verified expert