Prepare a comparative income statement for fiscal years 2005 and 2006 in vertical form, stating each item as a percent of revenues Expenses and other: Direct expense of events 95,990 ___ % 97,042___ % NASCAR purse and sanction fees 105,826 __ % 96,306___ % Other direct expenses 113,141 ___ % 102,535__ % General and administrative 78,070 ____ % 73,281 __ % Total expenses and other 393,027 ___ % $$369,164 __ % Income from continuing operations 174,338___ % $$174,904___ % 2. a. Determine for each year the inventory turnover. Round to one decimal place. The following data were extracted from the income statement of Brecca Systems Inc.: current year preceding year SALES $ 1139600 $ 1192320 BEGAINING OF INVENTORIES $ 80000 $ 64000 COST OF GOOD SOLD $ 569800 $ 662400 ENDING INVETORIES $74000 $ 80000 Current Year: _______ Preceding Year: _________ Determine the number of days' sales in inventory. Round to one decimal place. Current Year: days _________ Preceding Year: days ________