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Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $392,000 ...

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Accounting

Vertical Analysis

Income statement information for Einsworth Corporation follows:

Sales $392,000
Cost of goods sold 113,680
Gross profit 278,320

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 $392,000 %
Cost of goods sold 113,680 %
Gross profit $278,320 %

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