Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $237,000 Cost of goods sold 78,210...
Vertical Analysis
Income statement information for Einsworth Corporation follows:
| Sales | $237,000 | |
| Cost of goods sold | 78,210 | |
| Gross profit | 158,790 |
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 | $237,000 | % |
| Cost of goods sold | 78,210 | % |
| Gross profit | $158,790 | % |
Homework Answers
| Einsworth Corporation | ||
| Vertical Analysis of the Income Statement | ||
| Amount | Percentage | |
| Sales | $237,000 | 100% |
| Cost of goods sold | 78,210 | 33% |
| Gross profit | $158,790 | 67% |
Cost of goods sold = 78210/237000 = 33%
Gross profit = 158,790 / 237000 = 67%
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Vertical Analysis
Income statement information for Einsworth Corporation
follows:
Sales
$237,000
Cost of goods sold
78,210...
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