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Game-On Sports operates in two distinct segments: athletic equipment and accessories. The Income statement for each operating segment is presented below. Required: 1. Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. (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 GAME-ON SPORTS Income Statements For the Year Ended December 31, 2024 Athletic Equipment Amount $ 3,100,000 1,370,000 1,730,000 770,000 960,000 81.000 $ 1.041.000 237,000 804,000 % < Required 1 Accessories Amount $ 3.550.000 1,680,000 1,870.000 820,000 $ 1,050,000 (10,000) 1,034,000 212.000 822,000 % Required 2 >

Game-On Sports operates in two distinct segments: athletic equipment and accessories. The Income statement for each operating segment is presented below. Required: 1. Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. (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 GAME-ON SPORTS Income Statements For the Year Ended December 31, 2024 Athletic Equipment Amount $ 3,100,000 1,370,000 1,730,000 770,000 960,000 81.000 $ 1.041.000 237,000 804,000 % < Required 1 Accessories Amount $ 3.550.000 1,680,000 1,870.000 820,000 $ 1,050,000 (10,000) 1,034,000 212.000 822,000 % Required 2 >

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Game-On Sports operates in two distinct segments: athletic equipment and accessories. The Income statement for each operating segment is presented below. Required: 1. Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. (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 GAME-ON SPORTS Income Statements For the Year Ended December 31, 2024 Athletic Equipment Amount $ 3,100,000 1,370,000 1,730,000 770,000 $ 960,000 81,000 1,041,000 237,000 804,000 % SA < Required 1 Accessories $ Amount $ 3,550,000 1,680,000 1,870,000 820,000 1,050,000 (16,000) 1,034,000 212,000 822,000 % Required 2 >
Transcribed Image Text:Game-On Sports operates in two distinct segments: athletic equipment and accessories. The Income statement for each operating segment is presented below. Required: 1. Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. (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 GAME-ON SPORTS Income Statements For the Year Ended December 31, 2024 Athletic Equipment Amount $ 3,100,000 1,370,000 1,730,000 770,000 $ 960,000 81,000 1,041,000 237,000 804,000 % SA < Required 1 Accessories $ Amount $ 3,550,000 1,680,000 1,870,000 820,000 1,050,000 (16,000) 1,034,000 212,000 822,000 % Required 2 >
OBLEMS Game-On Sports operates in two distinct segments: athletic equipment and accessories. The Income statement for each operating segment is presented below. Required: 1. Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Which segment is more profitable? < Required 1 Saved Required 2 >
Transcribed Image Text:OBLEMS Game-On Sports operates in two distinct segments: athletic equipment and accessories. The Income statement for each operating segment is presented below. Required: 1. Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Which segment is more profitable? < Required 1 Saved Required 2 >
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