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help!! vame-un Sports operates in two distinct segments: athletic equipment and accessories. The income statement for each operating segment is presented below. Required: 1. Complete
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vame-un 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. (Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expenso Not income GAME-ON SPORTS Income Statement For the Year Ended December 31, 2021 Athletic Equipment Accessories Amount % Amount % $ 3,125,000 S3,575,000 1,380,000 1,685,000 1,745,000 1,890,000 780,000 830,000 965,000 1,060,000 81,500 (16,500) 1,046,500 1,043,500 238,000 213,000 $ 808,500 $ 830.500 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Accessories Athletic equipment Step by Step Solution
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