ertical Analysis Income statement information for Ivanoff Corporation follows: Sales $472,000 Cost of goods sold 146,320 Gross profit 325,680 Prepare a vertical analysis of the income statement for Ivanoff Corporation. If required, round percentage answers to the nearest whole number. Ivanoff CorporationVertical Analysis of the Income Statement Amount Percentage Sales $472,000 fill in the blank 1% Cost of goods sold 146,320 fill in the blank 2% Gross profit $325,680 fill in the blank 3%
ertical Analysis Income statement information for Ivanoff Corporation follows: Sales $472,000 Cost of goods sold 146,320 Gross profit 325,680 Prepare a vertical analysis of the income statement for Ivanoff Corporation. If required, round percentage answers to the nearest whole number. Ivanoff CorporationVertical Analysis of the Income Statement Amount Percentage Sales $472,000 fill in the blank 1% Cost of goods sold 146,320 fill in the blank 2% Gross profit $325,680 fill in the blank 3%
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.1E
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Vertical Analysis
Income statement information for Ivanoff Corporation follows:
| Sales | $472,000 | |
| Cost of goods sold | 146,320 | |
| Gross profit | 325,680 |
Prepare a vertical analysis of the income statement for Ivanoff Corporation. If required, round percentage answers to the nearest whole number.
Ivanoff CorporationVertical Analysis of the Income Statement
| Amount | Percentage | |
| Sales | $472,000 | fill in the blank 1% |
| Cost of goods sold | 146,320 | fill in the blank 2% |
| Gross profit | $325,680 | fill in the blank 3% |
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