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Vertical analysis of income statement The following comparative income statement (in thousands of dollars) for...

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Accounting

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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 International Speedway Corporation (ISCA), owner and operator of several major motor speedways, such as Daytona International Speedway and the Talledega Superspeedway. a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. (Note: Due to roundin amounts may not total 100% ). Round your answers to one decimal place

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