Required:

1.

Complete the "%" columns to be used in a vertical analysis of Sports Emporium's two operating segments. Express each amount as a percentage of sales.(Round your answers to 1 decimal place.)

SPORTS EMPORIUM
Income Statement
For the Year Ended December 31, 2015
Sporting Goods	Sports Apparel
Amount	%	Amount	%
Net sales	$1,875,000	$1,000,000
Cost of goods sold	1,070,000	455,000
Gross profit	805,000	545,000
Operating expenses	480,000	370,000
Operating income	325,000	175,000
Other income (expense)	21,500	(16,500)
Income before tax	346,500	158,500
Income tax expense	83,000	73,000
Net income	$263,500	$85,500