Question
The following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of Speedway Motorsports, Inc., owner
The following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of Speedway Motorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways.
Current Year Previous Year
Revenues:
Admissions $116,034 $130,239
Event-related revenue 151,562 163,621
NASCAR broadcasting revenue 192,662 185,394
Other operating revenue 29,902 26,951
Total revenues $490,160 $506,205
Expenses and other:
Direct expense of events $101,402 $106,204
NASCAR purse and sanction fees 122,950 120,146
Other direct expenses 18,908 20,352
General and administrative 183,215 241,223
Total expenses and other $426,475 $487,925
Income from continuing operations $63,685 $18,280
comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Enter all amounts as positive numbers. (Note: Due to rounding, amounts may not total 100%).
Round your percentages to one decimal place.
Speedway Motorsports, Inc.Comparative Income Statement (in thousands of dollars)For the Years Ended December 31
Current Year Amount Current Year % Prior Year Amount Prior Year %
Revenues:
Admissions $116,034 % $130,239 %
Event-related revenue 151,562 % 163,621 % NASCAR broadcasting revenue 192,662 % 185,394 % Other operating revenue 29,902 % 26,951 % Total revenues $490,160 % $506,205 %
Expenses and other:
Expenses and other:
Direct expense of events $101,402 % $106,204 % NASCAR purse and sanction fees 122,950 % 120,146 % Other direct expenses 18,908 % 20,352 % General and administrative 183,215 % 241,223 % Total expenses and other $426,475 % $487,925 % Income from continuing operations $63,685 % $18,280 %
Revenues:
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