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2.5 points 1 Game-On Sports operates in two distinct segments: athletic equipment and accessories. The income statement for each operating segment is presented below.
2.5 points 1 Game-On Sports operates in two distinct segments: athletic equipment and accessories. The income statement for each operating segment is presented below. Required: 1. Complete the % columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 References Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. (Round your answers to 1 decimal place.) GAME-ON SPORTS Income Statements For the Year Ended December 31, 2024 Athletic Equipment Accessories Amount % Amount % Net sales $ 3,150,000 Cost of goods sold 1,390,000 Gross profit 1,760,000 Operating expenses 790,000 Operating income 970,000 Other income (expense) 82,000 Income before tax 1,052,000 $ 3,600,000 1,690,000 1,910,000 840,000 1,070,000 (17,000) 1,053,000 Income tax expense 239,000 214,000 Net income $ 813,000 $ 839,000
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