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 Summary
Solution uses the following income statement from Prism orinting to perform a verticle analysis
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Income Statement
For the year ended September 30, 2011 Vertical Analysis
Sales revenue 9500 100%
Cost of goods ...
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