Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $509,000 Cost of goods sold 137,430 Gross profit 371,570 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 $509,000 % Cost of goods sold 137,430 % Gross profit $371,570 %
Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $509,000 Cost of goods sold 137,430 Gross profit 371,570 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 $509,000 % Cost of goods sold 137,430 % Gross profit $371,570 %
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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Vertical Analysis
Income statement information for Einsworth Corporation follows:
Sales | $509,000 | |
Cost of goods sold | 137,430 | |
Gross profit | 371,570 |
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 | $509,000 | % |
Cost of goods sold | 137,430 | % |
Gross profit | $371,570 | % |
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