=+vEX 17-1 Vertical analysis of income statement obj. 1

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a. 2010 net income: $5,000;

1.0% of sales The following comparative income statement (in thousands of dollars) for the fiscal years 2005 and 2006 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.

Fiscal Year Fiscal Year 2006 2005 Revenues:

Admissions $175,208 $177,352 Event-related revenue 183,404 168,359 NASCAR broadcasting revenue 162,715 140,956 Other operating revenue 46,038 57,401 _________ _________ Total revenue $567,365 $544,068 _________ _________ Expenses and other: