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Sports Emporium has two operating segments: sporting goods and sports appare. The income statement for each operating segment is presented below Required: 1 cm lete
Sports Emporium has two operating segments: sporting goods and sports appare. The income statement for each operating segment is presented below Required: 1 cm lete the %" col ns to be used in a vertical analysis of Sports Empon sto operating se ments Expresseana urt as a per ent ear sa s Roundy rans stode Income Statement For the Year Ended December 31, 2018 Sporting Goods Sports Apparel $ 2,050,000 1,140,000 910,000 550,000 360,000 25,000 385,000 90,000 295,000 S 1,070,000 490,000 580,000 440,000 140,000 (20,000) 120,000 80,000 S 40.000 Net sales Cost of goods sold Gross prott Operaing expenses Operating income Other income (expense) Income before tax Income tax expense Net income e vertical analysis to compare the proftability of the two operating segments. Which segment has a higher net income as a percentage of net sales Sports Appare O Sporting Goods
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