
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Vertical Analysis
Income statement information for Einsworth Corporation follows:
Sales | $276,000 | |
Cost of goods sold | 66,240 | |
Gross profit | 209,760 |
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 | $276,000 | fill in the blank % |
Cost of goods sold | 66,240 | fill in the blank % |
Gross profit | $209,760 | fill in the blank % |
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