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Vertical Analysis Income statement information for Ivanoff Corporation follows: Sales $222,000 Cost of...

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Accounting

Vertical Analysis
Income statement information for Ivanoff Corporation follows:
Sales
$222,000
Cost of goods sold
57,720
Gross profit
164,280
Prepare a vertical analysis of the income statement for Ivanoff Corporation. If required, round percentage answers to the nearest whole number.
Ivanoff Corporation
Vertical Analysis of the Income Statement
\table[[,Amount,Percentage],[Sales,$222,000,%
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