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Business, 07.10.2019 19:20 ydesoto0513

Vertical analysis of income statement the following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of speedway motorsports, inc., owner and operator of several major motor speedways, such as the atlanta, texas, and las vegas motor speedways. current year previous year revenues: admissions $100,694 $100,798 event-related revenue 146,980 146,849 nascar broadcasting revenue 217,469 207,369 other operating revenue 31,320 29,293 total revenues $496,463 $484,309 expenses and other: direct expense of events $104,303 $102,196 nascar event management fees 133,682 128,254 other direct expenses 19,541 18,513 general and administrative 177,926 194,120 total expenses and other $435,452 $443,083 income from continuing operations $61,011 $41,226 a. prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. enter all amounts as positive numbers. (note: due to rounding, amounts may not total 100%).

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