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The following comparative income statement (in thousands of doliars) for two recent fiscal years was adopted from the annual report of Calvin Motorsports, Inc, owner

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The following comparative income statement (in thousands of doliars) for two recent fiscal years was adopted from the annual report of Calvin Motorsports, Inc, owner and operator of several major motor speedways, such as the Atlanto, Texas, and Las Vegas Motor Speedways. a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Round to one decimal place. Enter all amounts as positive numbers. a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Round to one decimal place, Enter all amounts as positive numbers

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