Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Could someone show me and also explain how to get these numbers? Thanks! 1. Nicole Englezakis manages a South African restaurant in a large southern
Could someone show me and also explain how to get these numbers? Thanks!
1. 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 using vertical analysis. Nicole's P&L Last Year 9% This Year SALES Food Beverage $3,706,381 $647,555 $3,746,245 1,255,358 Total Sales COST OF SALES Food Beverage 1,282,656 1,611,630 145,607 162,231 Total Cost of Sales GROSS PROFIT Food 2,423,725 501,948 2,134,615 1,093,127 Total Gross Profit OPERATING EXPENSES Salaries and Wages Employee Benefits Direct Operating Expenses Music and Entertainment Marketing Utility Services Repairs and Maintenance 1,230,910 190,394 234,670 4,427 84,126 141,688 66,416 1,256,779 196,790 232,571 13,418 111,813 156,538 62,616Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started