eBook Print Item Question Content Area Vertical Analysis of Income Statement The following comparative income statement

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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 of Speedway Motorsports, Inc. (TRK),
owner and operator of several major motor speedways, such as the
Atlanta, Texas, and Las Vegas Motor Speedways.
Question Content Area
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 percentages to one decimal place.