Question
Current Year Previous Year Revenues: Admissions $142,780 $143,060 Event-related revenue 155,364 141,220 NASCAR broadcasting revenue 149,072 130,180 Other operating revenue 36,784 45,540 Total revenue $484,000
Current Year | Previous Year | |||||||
Revenues: | ||||||||
Admissions | $142,780 | $143,060 | ||||||
Event-related revenue | 155,364 | 141,220 | ||||||
NASCAR broadcasting revenue | 149,072 | 130,180 | ||||||
Other operating revenue | 36,784 | 45,540 | ||||||
Total revenue | $484,000 | $460,000 | ||||||
Expenses and other: | ||||||||
Direct expense of events | $76,472 | $76,360 | ||||||
NASCAR purse and sanction fees | 84,216 | 75,900 | ||||||
Other direct expenses | 119,064 | 103,960 | ||||||
General and administrative | 61,468 | 57,040 | ||||||
Total expenses and other | $341,220 | $313,260 | ||||||
Income from continuing operations | $142,780 | $146,740 |
a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Round to one decimal place. Enter all amounts as positive numbers.
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