A company owns two restaurants in the same town. Operating results for the first three months of
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A company owns two restaurants in the same town. Operating results for the first three months of the current year for restaurants A and B are as follows:
The owners of the restaurants are concerned that restaurant B reports higher sales revenue, yet produces a lower operating income than restaurant A.
Convert this information into a common-size vertical income statement for each restaurant, and comment on the results.LO1
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Related Book For
Hospitality Management Accounting
ISBN: 9780471687894
9th Edition
Authors: Martin G Jagels, Catherine E Ralston
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