Sports Emporium has two operating segments: sporting goods and sports apparel. The income statement for each operating segment is presented below. Required:
a. 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 $1,825,000 $980,000
Cost of goods sold 1,050,000 445,000
Gross profit 775,000 535,000
Operating expenses 460,000 350,000
Operating income 315,000 185,000
Other income (expense) 20,500 (15,500)
Income before tax 335,500 169,500
Income tax expense 81,000 71,000
Net income $254,500 $98,500

b. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable?

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Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.