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    Verticle analysis

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    Use the following income statement from Prism orinting to perform a verticle analysis with sale as the base.

    Income Statement
    For the year ended September 30, 2011

    Sales revenue $9,500
    Cost of goods sold 2,780
    Gross profit 6,720
    Operating expense $0
    Deprec. buildings&equip 250.00
    Other selling&administrative 1,000
    Total expenses 1,250
    Income before interest&taxes 5,470
    Interest expense 750
    Interest before taxes 4,720
    Income taxes 300
    Net income 4,420.

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    Solution Preview

                                            Income Statement 
                                       For the year ended September 30, 2011  Vertical Analysis

    Sales revenue                                                                9500 100%
    Cost of goods ...

    Solution Summary

    Solution uses the following income statement from Prism orinting to perform a verticle analysis

    $2.19

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