HELP PLZ

1. Use vertical analysis to compare profitability. ? A1 fx Lake Athletics sells two distinct product lines: Apparel and Equipmen \begin{tabular}{l|c} A & B \\ \hline Lake Athletics sells two distinct product lines: Apparel and Equipment. \end{tabular} The income statement for each product line appears below. Required: 20 1. Use appropriate Excel formulas to perform vertical analysis and complete the "Percent" columns 21 for both product lines above. Express each amount as a percentage of net sales. 22 Note: You should use absolute references in the divisors of all formulas. 23 2. Use the Excel IF function and the completed vertical analysis above to answer each of the 24 questions below: 1. Use vertical analysis to compare profitability