The Sports Warehouse operates in two distinct segments: equipment and apparel. The income statement for each operating segment is presented below. Required: 1. Complete the "%" columns to be used in a vertical analysis of The Sports Warehouse's two operating segments. Express each amount as a percentage of sales. 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the "%" columns to be used in a vertical analysis of The Sports Warehouse's two operating segments. Express each amount as a percentage of sales. Note: Round your answers to 1 decimal place. Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income THE SPORTS WAREHOUSE Income Statements For the Year Ended December 31, 2024 Equipment Amount $ 2,925,000 1,300,000 1,625,000 700,000 925,000 77,500 1,002,500 230,000 772,500 $ Percentage Apparel Amount $ 3,375,000 1,645,000 1,730,000 750,000 980,000 (12,500) 967,500 205,000 762,500 $ Percentage

The Sports Warehouse operates in two distinct segments: equipment and apparel. The income statement for each operating segment is presented below Required: 1. Complete the "\%" columns to be used in a vertical analysis of The Sports Warehouse's two operating segments. Express each amount as a percentage of sales. 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Complete this question by entering your answers in the tabs below. Complete the "\%" columns to be used in a vertical analysis of The Sports Warehouse's two operating segments. Express each amount as a percentage of sales. Note: Round your answers to 1 decimal place