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Required: 1. Complete the "%" columns to be used in a vertical analysis of Game-On...

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Accounting

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Required: 1. Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. (Round your percentage answers to 1 decimal place.) 100.0 Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income GAME-ON SPORTS Income Statement For the Year Ended December 31, 2021 Athletic Equipment Accessories Amount % Amount % $ 3,175,000 100.00 $ 3,625,000 1,400,000 1,695,000 1.775,000 1.930,000 800,000 850,000 975,000 1,080,000 82,500 2.5 (17,500) 1,057,500 1,062,500 240,000 215,000 $ 817,500 $ 847,500 (0.5) 5.9 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Athletic equipment

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