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  1. business
  2. accounting
  3. a. prepare a comparative income statement for year

a. Prepare a comparative Income statement for Years 1 and 2 in vertical form, stating...

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Accounting

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a. Prepare a comparative Income statement for Years 1 and 2 in vertical form, stating each item as a percent of revenues. Round percentages to one decimal place. Enter all amounts as positive numbers. Speedway Motorsports, Inc Comparative Income Statement (in thousands of dollars) For the Years Ended December 31, Year 2 and Year 1 Year 2 Amount Year 2 Percent Year 1 Amount Year 1 Percent Revenues Admissions 5182,700 $179,316 Event-related revenue 197,820 175.00 NASCAR broadcasting revenue 197.190 96 167,010 Other operating revenue 52,290 63,874 Total revenue $630,000 $586,000 Expenses and other Direct expense of events $99.540 $97,276 NASCAR purse and sanction fees 110,880 97,862 % Other direct expenses 170,100 152,946 General and administrative 82,530 90 75,008 Total expenses $463,050 $423,092 Operating Income (loss) 5166,950 $162,908 31

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