Based on the table above,

1- what was the Food & Beverage Cost percentage for the State College Steak House?

A- 25.2%

B- 15.5%

C- 7.3%

D- 22.6%

2- what is the profit expresses as a percentage for State College Steak House?

A- 52.0%

B- 15.5%

C- 38.1%

D- 25.9%

3- if the desired profit for this level of annual revenues were 55.0%, what would be the ideal expense?

A- $508,500

B- $621,500

C- $542,000

D-$720,000

Use this table for the following three questions: A simplified annual P&L statement for the State College Steak House is shown below: Description Dollars Percentages Revenues $1,130,000 Food & Beverage $285,000 Costs Labor Costs $175,000 Other Costs $82,000 Total Costs Profit