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Verticle analysis

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.

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