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Sports Emporium has two operating segments: sporting goods and sports apparel. The income statement for each operating segment is presented below Required: 1. Complete the
Sports Emporium has two operating segments: sporting goods and sports apparel. The income statement for each operating segment is presented below Required: 1. Complete the .%. Columna to be used in a vertical analys|& ot Sports Enponuma two operating segments. Express each amount as a percentage otselee. Round your answers to 1 decimal place.) SPORTS Income Statement For the Year Ended December 31. 2018 Sporting Goods Sports Apparel Net sales S 1,925.00 1000 1,020,0n0 100.0 1,090.000 65,000 Cost of goods sold 15.6 Gross prafi 35 000 438 555,000 54.4 Operating expenses EOD.O 30,000 8.8 Operating inoome 335.000 17.4 165,000 15.5 Olher inne (expernse) 22,500 1.2 17,500 Income betore tax 357.50 18.3 147,500 3.8 Income tax expense 85.000 75,000 7.8 S 272500 2,500 6.4 Nel ncne 2. Use vertical analysis to compre tie profitability of the two openting segments which segment has n higher ne income as percentage o not sa es? Sporting Goods Sports Apparel
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