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Please help, what is the answer? C Chegg Study | Guided SCengage ? >? ? Secure v

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Question

Please help, what is the answer?

C Chegg Study | Guided SCengage ? >? ? Secure v2cengagenow.com/ilm/takeAssignment takeAssignmentMar do?invoker-assignments&takeAssignmentSessionLocator-assignment-; ::: Apps D Wireless Router Ar Cloud Cam Uderry O MindMeiser u University of South Self Learn Arime a Arnazor?Youlube CegageNOWv2 | Online x ??em ? 57 Other buokmarks Chapter 17 Homework Show Me HowCalculator eBook Vertical Analysis Income statement information for Einsworth Corporation follows Sales Cost of goods sold Gross profit 1. PE.17-01 ALGO 2. PE.17-02.ALGO 5581,000 203,350 377,650 3. PR. 17-04A.BLANKSHEET 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 5581,000 Cost of goods sold 203,350 Gross profit Check My Work Previous Next Progress: 213 items ?MSEdge.Win10.VM..Zip ^ kali-linux-2018.2-...ova 06/3.4 GD, 54 mirs lel zip kali-linux-2018.2-....ova metaspl 567/025 MB, 7 hours lel table-linu ShowX ^ ^ ^ 0.24.5 GG.1 hour left 1:08 PM Type here to search 7/1/2018

Explanation / Answer

Vertical analysis of Income statement:

Amount % Sales $581,000 100% Cost of goods sold $203,350 35% Gross profit $377,650 65%