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Discuss a vertical analysis of sports emporiums

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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

SPORTS EMPORIUM Income Statement For the Year Ended December 31, 2015
Sporting Goods Sports Apparel
Amount % Amount %
Net sales $1,875,000 $1,000,000
Cost of goods sold 1,070,000 455,000
Gross profit 805,000 545,000
Operating expenses 480,000 370,000
Operating income 325,000 175,000
Other income (expense) 21,500 (16,500)
Income before tax 346,500 158,500
Income tax expense 83,000 73,000
Net income $263,500 $85,500

Reference no: EM131774324

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