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Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Enter all amounts as positive
Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Enter all amounts as positive numbers. Percentage sign will appear automatically. Rounding instructions
Speedway Motorsports, Inc. Comparative Income Statement (in thousands of dollars) For the Years Ended December 31 Current Year Current Year Previous Year Previous Year Amount Percent Amount Percent 2 3 Revenues: $93,991.00 $106,074.00 Admissions 4 Event-related revenue 142,204.00 134,460.00 5 NASCAR broadcasting revenue 189,930.00 179,280.00 6 Other operating revenue 60,875.00 78,186.00 $487,000.00 $498,000.00 100.0% 100.0% Total revenues 8 Expenses and other: 9 $96,913.00 $100,098.00 Direct expense of events 10 NASCAR event management fees 121,263.00 123,006.00 11 Other direct operating expenses 17,045.00 25,398.00 12 General and administrative 193,339.00 229,578.00 13 $428,560.00 $478,080.00 Total expenses and other 14 $58,440.00 $19,920.00 Income from continuing operations 15Step by Step Solution
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