Attached you will find a portion of the income sratement from Dover Downs (yes, the casino/hotel). Three years are presented 2007-2009. You will notice they have two line items for Revenue ("sales"), use the combined figure if you need it (for example, for 2009, Revenue would be $232,799,000 (note you add three zeros as the statement says at the top "in thousands"). Using the technique of "common-sized analysis" discuss how well or badly Dover Downs controlled two expense items: "Gaming" and "General & administrative". I need to see your calculations. Obviously your analysis is based upon the numbers! Balance Sheet ($000) December 31st 2012 2011 Assets Current Assets Cash $30 $50 Marketable Securities $10 $20 Accounts Receivable $320 $350 Inventory $460 $320 Total Current Assets $820 $740 Gross Fixed Assets $560 $520 Less accumulated depreciation $180 $150 Net Fixed Assets $380 $370 Total Assets $1,200 $1,110 Liabilities & Stockholders' equity Current Liabilities Accounts payable $390 $320 Notes payable $110 $90 Accruals $20 $20 Total current liabilities $520 $430 Long-term Debt $320 $350 Total Liabilities $840 $780 Stockholders' Equity Common stock (500,000 shares, $0.20 par) $100 $100 Paid-in Capital in excess of par $150 $150 Retained earnings $110 $80 Total stockholders' equity $360 $330 Total liabilities & stockholders' equity $1,200 $1,110