Question: a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Enter all amounts as

a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Enter all amounts as positive numbers. (Note: Due to rounding, amounts may not total 100%).

Round your percentages to one decimal place.

b. Overall revenue

increaseddecreased

some between the two years, accompanied by a slight change in the overall mix of revenue sources. The NASCAR broadcasting revenue

increaseddecreased

by 1.3% of total revenue, while event-related revenue

increaseddecreased

by 1.2% of total revenue. NASCAR event management fees,

increaseddecreased

by 0.7% of total revenue. General and administrative expenses, however,

increaseddecreased

by over 2.9% of total revenue. It appears that

aggressive cost cuttinga large increase in total revenue

has helped the company significantly improve its income from continuing operations.

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