Help with Accounting question Sports Emporium has two operating segments: sporting goods...
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Accounting
Help with Accounting question
Sports Emporium has two operating segments: sporting goods and sports apparel. The income statement for each operating segment is presented below. Required: 1. Complete the "%" columns to be used in a vertical analysis of Sports Emporium's two operating segments. Express each amount as a percentage of sales. (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 SPORTS EMPORIUM Income Statement For the Year Ended December 31, 2018 Sporting Goods Sports Apparel Amount % Amount % $ 1,650,000 $ 910,000 980,000 490,000 670.000 420,000 390,000 280,000 280.000 140,000 17,000 (12,000) 297,000 128,000 74,000 64,000 $ 223,000 $ 64.000
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