Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

2017 2018 2019 Total Revenue $ 4,476,412 $ 4,864,985 $ 5,586,369 Restaurant operating costs (exclusive of D&A): Food, beverage and packaging 1,535,428 1,600,760 1,847,916 Labor

2017 2018 2019
Total Revenue $ 4,476,412 $ 4,864,985 $ 5,586,369
Restaurant operating costs (exclusive of D&A):
Food, beverage and packaging 1,535,428 1,600,760 1,847,916
Labor 1,205,992 1,326,079 1,472,060
Occupancy 327,132 347,123 363,072
Other operating costs 651,644 680,031 760,831
Cost of goods sold $ 3,720,196 $ 3,953,993 $ 4,443,879
Gross Profit 756,216 910,992 1,142,490
SG&A 296,388 375,460 451,552
Depreciation and amortization 163,348 201,979 212,778
Pre-opening costs 12,341 8,546 11,108
Impairment, closure costs, and asset disposals 13,345 66,639 23,094
Total operating expenses 4,205,618 4,606,617 5,142,411
Income from operations 270,794 258,368 443,958
Interest and other income 4,949 10,068 14,327
Income before income taxes 275,743 268,436 458,285
Provision for income taxes (99,490) (91,883) (108,127)
Net income $ 176,253 $ 176,553 $ 350,158

How do I calculate EBIT, EBT, & EBITDA? Every formula that I try is different from what Yahoo Finance lists it as.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions