2. Nicole Englezakis manages a South African restaurant in a large southern city. The owner wants to know how well Nicole did this year at generating sales, controlling expenses, and providing a profit. Complete Nicole's P&L below using vertical analysis. a. When comparing this year to last year, was Nicole's marketing espense in dollars higher or lower? b. Was Nicole's marketing expense percentage higher or lower this year? c. Do you think that her marketing expense this year positively or negatively contributed to her revenues? Why? d. When comparing this year to last year, was Nicole's labor expense in dollars higher or lower? e. Was Nicole's labor expense percentage higher or lower this year? f. Do you think that her salaries and wages expense this year positively or negatively contributed to her net income? Why? & The owner promised Nicole that he would give her a raise if she increased the operation's net income by at least 2% of total sales. Should Nicole receive a raise? Why or why not? Nicole's P&L Last Year ($) This Year ($) ,706,381 647,555 3,746,245 1,255 558 Beverage Total Sales COST OF SALES Food Beverags 1,28256 145,607 1,611,630 162,231 Total Cost of Sales LABOR 348,615 861.153 Emplonee Benefits 190,324 PRIME COST 24% Page 105 of 501 kinde MacBook 3 5 6 7 8 0