7.2 2. Cengage CengageNOWv2 x Broward College Hoi Homepage - BCOnlirC Chegg Stud

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7.2

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Cengage CengageNOWv2 x Broward College Hoi Homepage - BCOnlirC Chegg Study | Guide v2.cengagenow.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker-assignments&ta; sionLocator-assignment-t L]? ?? Ch 17-2 Practice Exercises eBook Show Me How Calculator Print Item 1. PE.17-01.ALGO 2. PE.17-02.ALGO 3. PE.17-03.ALGO 4. PE.17-04.ALGO 5. PE.17-05.ALGO 6. PE.17-07.ALGO Vertical Analysis Income statement information for Einsworth Corporation follows Sales Cost of goods sold Gross profit $237,000 66,360 170,640 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number Einsworth Corporation 7. PE. 17-08.ALGO Vertical Analysis of the Income Statement 8. PE.17-09.ALGO 9. PE.17-10.ALGO 10. PE.17-11.ALGO Amount Percentage $237,000 66,360 Sales Cost of goods sold Gross proft Check My Work 2 more Check My Work uses remaining Next Type here to search 1037 PM 4/18/2018

Explanation / Answer

Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $237,000 100.00% Cost of goods sold 66,360 28.00% Gross profit $170,640 72.00%

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