Sports Emponum has two operating segments: sporting goods and sports apparel The income statement for...
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Sports Emponum has two operating segments: sporting goods and sports apparel The income statement for each operating segment is presented below 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 IM Income Statement $ 1,775,000 1,030,000 745,000 440,000 305.000 $ 960,000 435,000 525,000 330,000 195,000 Gross profit Operating income 324 500 79.000 S 245.500 180 500 69000 S 111.500 tax the profitability of the two operating segments Which segment has a higher net income as a percentage of net sales? Sporting Goods Sports Apparel
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