Chapter 14 707 EX 14-2 Vertical analysis of income statement A Cunment scal year The following comparative income statement (in thousands of dollars) for wo recent fincal years ncome fhom contningwas adapeed from the annual neport of Speedway Motorsports, Inc, owner and operaor of several majoe motce speedways, sach as the Atlanca, Texas, and Las Vegas Motor Speedways opeationa, 13.0% of 116.034$13029 Expenses and other expense of events 101,402062 NASCAR purse and sanction Other drect epenses General and A Prepare a comparative income statement for theswe two years in vertical form, stating each item as a percent of revenues. (Round perceingestoon, decimal place.) EX 14-3 Common-sized income statement v'A. Tanerenet incane$120,000 30% Revenue and expense data fr the current calendar year for Tannenhill Company and for tw electronics industry arr follow data are espeessed in Cost of goods so 1.720.000 s 280 000 statement comparing the resules of operations for Tannenhill Company with the industry average. (Round to the nearest whole As far as the data pemit, comment on signficant relationships nevealed by the Chapter 14 707 EX 14-2 Vertical analysis of income statement A Cunment scal year The following comparative income statement (in thousands of dollars) for wo recent fincal years ncome fhom contningwas adapeed from the annual neport of Speedway Motorsports, Inc, owner and operaor of several majoe motce speedways, sach as the Atlanca, Texas, and Las Vegas Motor Speedways opeationa, 13.0% of 116.034$13029 Expenses and other expense of events 101,402062 NASCAR purse and sanction Other drect epenses General and A Prepare a comparative income statement for theswe two years in vertical form, stating each item as a percent of revenues. (Round perceingestoon, decimal place.) EX 14-3 Common-sized income statement v'A. Tanerenet incane$120,000 30% Revenue and expense data fr the current calendar year for Tannenhill Company and for tw electronics industry arr follow data are espeessed in Cost of goods so 1.720.000 s 280 000 statement comparing the resules of operations for Tannenhill Company with the industry average. (Round to the nearest whole As far as the data pemit, comment on signficant relationships nevealed by the