Vertical analysis of income statement International Speedway Corporation

Comparative Income Statement $($in thousands of dollars$)$

For the Years Ended December $31$

a$.$ For each year, show each item as a percentage of total revenues.

The following comparative income statement $($in thousands of dollars$)$ for two recent fiscal years was adapted from the annual report of International Speedway Corporation $($ISCA$),$ owner

and operator of several major motor speedways, such as Daytona International Speedway and the Talledega Superspeedway.

Current Year Previous Year

a$.$ Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. $($Note: Due to rounding, amounts may not total $100\%).$ Round

your answers to one decimal place.