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Perform ratio analysis to the financial statements

Perform ratio analysis to the financial statements

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Perform ratio analysis to the financial statements

 

EX 17-2 Vertical analysis of income statement The following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of Speedway Motorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways. Previous Year Revenues: Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue Total revenues Expenses and other: Direct expense of events NASCAR event management fees Other direct operating expenses General and administrative Total expenses and other Income from continuing operations Current Year $100,694 146,980 217,469 31,320 $496,463 $104,303 133,682 19,541 177,926 $435,452 $ 61,011 $100,798 146,849 207,369 29,293 $484,309 $102,196 128,254 18,513 194,120 $443,083 $ 41,226
Transcribed Image Text:EX 17-2 Vertical analysis of income statement The following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of Speedway Motorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways. Previous Year Revenues: Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue Total revenues Expenses and other: Direct expense of events NASCAR event management fees Other direct operating expenses General and administrative Total expenses and other Income from continuing operations Current Year $100,694 146,980 217,469 31,320 $496,463 $104,303 133,682 19,541 177,926 $435,452 $ 61,011 $100,798 146,849 207,369 29,293 $484,309 $102,196 128,254 18,513 194,120 $443,083 $ 41,226
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