chapter 16 Vertical analysis Income statement information for Einsworth Corporation follows: ...
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Accounting
chapter 16
Vertical analysis
Income statement information for Einsworth Corporation follows:
| Line Item Description | Amount |
|---|---|
| Sales | $256,000 |
| Cost of goods sold | 84,480 |
| Gross profit | 171,520 |
Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number.
| Line Item Description | Amount | Percentage |
|---|---|---|
| Sales | $256,000 | Sales% |
| Cost of goods sold | 84,480 | Cost of goods sold |
| Gross profit | $171,520 | Gross profit% |
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