The following comparative income statement (in thousands of dollars) for the fiscal years 2001 and 2002 was
Question:
a. Prepare a comparative income statement for fiscal years 2001 and 2002 in vertical form, stating each item as a percent of revenues. Round to one digit after the decimal place.
b. Comment on the significantchanges.
Transcribed Image Text:
Fiscal Year 2002 Fiscal Year 2001 Revenues Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue 141,315 122,172 77,936 34,537 375,960 136,362 133,289 67,488 38,111 $375,250 Total revenue Expenses and other: Direct expense of events NASCAR purse and sanction fees Other direct expenses General and administrative 69,297 61,217 87,427 57,235 $275,176 100,784 76,579 54,479 88,582 59,331 $278,971 S96,279 Total expenses and other Income from continuing operations
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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