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i need help asap Vertical Analysis of Income Statement The following comparative income statement (in thousands of dollars) for two recent years was adapted from
i need help asap
Vertical Analysis of Income Statement The following comparative income statement (in thousands of dollars) for two recent years was adapted from the annual report of Speedway Motorsports, Inc. (TRK), owner and operator of several major motor speedways, such as the Atlanta, Bristol, Charlotte, Texas, and Las vegas Mo Speedways. Note: General \& administrative expenses for Year 2 include impairment of goodwill of $98,868. The impairment of goodwill is discussed in Chapter 7. a. Prepare a comparative income statement for Years 1 and 2 in vertical form, stating each item as a percent of revenuesStep by Step Solution
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