Complete the "%" columns to be used in a vertical analysis of The Sports Warehouse's two operating segments. Express each amount as a percentage of sales. Note: Round your answers to 1 decimal place. Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income THE SPORTS WAREHOUSE Income Statements For the Year Ended December 31, 2024 Equipment Amount $ 2.875,000 1,280,000 1,595,000 680,000 915,000 76,500 991,600 228,000 763,500 S Percentage Apparel Amount $ 3,325,000 1,635,000 1,690,000 730,000 960,000 (11,500) 948,500 203,000 745,500 $ Percentage
Complete the "%" columns to be used in a vertical analysis of The Sports Warehouse's two operating segments. Express each amount as a percentage of sales. Note: Round your answers to 1 decimal place. Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income THE SPORTS WAREHOUSE Income Statements For the Year Ended December 31, 2024 Equipment Amount $ 2.875,000 1,280,000 1,595,000 680,000 915,000 76,500 991,600 228,000 763,500 S Percentage Apparel Amount $ 3,325,000 1,635,000 1,690,000 730,000 960,000 (11,500) 948,500 203,000 745,500 $ Percentage
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Complete the "%" columns to be used in a vertical analysis of The Sports Warehouse's two operating segments, Express each
amount as a percentage of sales.
Note: Round your answers to 1 decimal place.
Net sales
Cost of goods sold
Gross profit
Operating expenses
Operating income
Other income (expense)
Income before tax
Income tax expense
Net income.
THE SPORTS WAREHOUSE
Income Statements
For the Year Ended December 31, 2024
Equipment
Amount
$ 2,875,000
1,280,000
1,595,000
680,000
915,000
76,500
991,500
228,000
763,500
$
Percentage
< Required 1
Apparel
Amount
$ 3,325,000
1,635,000
1,690,000
730,000
960,000
(11,500)
948,500
203,000
745,500
$
Percentage.
Required 2 >
Transcribed Image Text:Complete the "%" columns to be used in a vertical analysis of The Sports Warehouse's two operating segments. Express
each amount as a percentage of sales. Note: Round your answers to 1 decimal place.
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