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Previous Year Current Year Revenues: Admissions $100,694 $100,798 Event-related revenue 146,980 146,849 NASCAR broadcasting revenue 217,469 207,369 Other operating revenue Total revenues 31,320 29,293 $496,463 $484,309 Expenses and other: Direct expense of events NASCAR event management fees Other direct operating expenses $104,303 $102,196 133,682 128,254 19,541 18,513 General and administrative 177,926 194,120 Total expenses and other Income from continuing operations $435,452 $443,083 $ 61,011 $ 41,226

Previous Year Current Year Revenues: Admissions $100,694 $100,798 Event-related revenue 146,980 146,849 NASCAR broadcasting revenue 217,469 207,369 Other operating revenue Total revenues 31,320 29,293 $496,463 $484,309 Expenses and other: Direct expense of events NASCAR event management fees Other direct operating expenses $104,303 $102,196 133,682 128,254 19,541 18,513 General and administrative 177,926 194,120 Total expenses and other Income from continuing operations $435,452 $443,083 $ 61,011 $ 41,226

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 14.9E: Profit center responsibility reporting On-Demand Sports Co. operates two divisions—the Action Sports...
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The following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of Speedway Motorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways.

Please see  the attachment for details:

a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Round percentages to one decimal place.
b. Comment on the significant changes.

Previous Year Current Year Revenues: Admissions $100,694 $100,798 Event-related revenue 146,980 146,849 NASCAR broadcasting revenue 217,469 207,369 Other operating revenue Total revenues 31,320 29,293 $496,463 $484,309 Expenses and other: Direct expense of events NASCAR event management fees Other direct operating expenses $104,303 $102,196 133,682 128,254 19,541 18,513 General and administrative 177,926 194,120 Total expenses and other Income from continuing operations $435,452 $443,083 $ 61,011 $ 41,226
Transcribed Image Text:Previous Year Current Year Revenues: Admissions $100,694 $100,798 Event-related revenue 146,980 146,849 NASCAR broadcasting revenue 217,469 207,369 Other operating revenue Total revenues 31,320 29,293 $496,463 $484,309 Expenses and other: Direct expense of events NASCAR event management fees Other direct operating expenses $104,303 $102,196 133,682 128,254 19,541 18,513 General and administrative 177,926 194,120 Total expenses and other Income from continuing operations $435,452 $443,083 $ 61,011 $ 41,226
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