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Vertical Analysis of Income Statement The following comparative Income statement in thousands of dollars) for two recent fiscal years was adapted from the annual report
Vertical Analysis of Income Statement The following comparative Income statement in thousands of dollars) for two recent fiscal years was adapted from the annual report of Speedway Motorsports, Inc. (TRK), owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways. Current Year Previous Year Revenues: ITIU Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue $90,639 136,900 224,227 60,390 $512,156 $100,694 146,980 217.469 31.320 $496.463 Total revenues Expenses and other Direct expense of events NASCAR event management fees Other direct expenses General and administrative $(102,786) (137,27 $(104,303) (133,682) (19,541) (285,166) (166.663) Total experves and other $1450,960) S/562,692) Income from continuing operations $61,195 46,229) revenus (Nota Due to run amounts may not a. Prepare a comparative income statement for these two years in vertical form, stating each iten total 100%) Round your percentages to one decimal place Speedway Motorsports, Inc. Comparative Income Statement in thousands of dollars) For the Year End December Previous get Ow My Work
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