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Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Round percentages to one decimal
Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Round percentages to one decimal place
a. | Speedway Motorsports, Inc. | ||||||||||||
Comparative Income Statement (in thousands of dollars) | |||||||||||||
For the Years Ended December 31 | |||||||||||||
Current Year | Prior Year | ||||||||||||
Revenues: | Amount | Percent | Amount | Percent | |||||||||
Admissions | $ 90,639 | $ 100,694 | |||||||||||
Event-related revenue | 136,900 | 146,980 | |||||||||||
NASCAR broadcasting revenue | 224,227 | 217,469 | |||||||||||
Other operating revenue | 60,390 | 31,320 | |||||||||||
Total revenue | $ 512,156 | $ 496,463 | |||||||||||
Expenses and other: | |||||||||||||
Direct expenses of events | $(102,786) | $(104,303) | |||||||||||
NASCAR event management fees | (137,727) | (133,682) | |||||||||||
Other direct expenses | (43,784) | (19,541) | |||||||||||
General and administrative | (166,663) | (285,166) | |||||||||||
Total expenses and other | $(450,960) | $(542,692) | |||||||||||
Income from continuing operations | $ 61,196 | $ (46,229) | |||||||||||
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