Income statement information for Einsworth Corporation follows: Sales $418,000 Cost of goods sold 121,220 Gross profit 296,780 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. Einsworth CorporationVertical Analysis of the Income Statement Amount Percentage Sales $418,000 fill in the blank 1% Cost of goods sold 121,220 fill in the blank 2 Gross profit $296,780 fill in the blank 3%
Income statement information for Einsworth Corporation follows: Sales $418,000 Cost of goods sold 121,220 Gross profit 296,780 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. Einsworth CorporationVertical Analysis of the Income Statement Amount Percentage Sales $418,000 fill in the blank 1% Cost of goods sold 121,220 fill in the blank 2 Gross profit $296,780 fill in the blank 3%
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.1E
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100%
Vertical Analysis
Income statement information for Einsworth Corporation follows:
Sales | $418,000 | |
Cost of goods sold | 121,220 | |
Gross profit | 296,780 |
Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number.
Einsworth CorporationVertical Analysis of the Income Statement
Amount | Percentage | |
Sales | $418,000 | fill in the blank 1% |
Cost of goods sold | 121,220 | fill in the blank 2 |
Gross profit | $296,780 | fill in the blank 3% |
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