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Cullumber Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2015 and 2016 income statements are as follows (in $000s)
Cullumber Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2015 and 2016 income statements are as follows (in $000s) Year Ended December 31, 2016 December 31, 2015 Total revenues $41,241 $40,193 Expenses 11,129 16,917 6,832 2,566 2,207 987 40,638 $603 Cost of restaurant sales Restaurant operating expenses General and administrative 11,085 16,732 5,291 2,654 2,113 0 37,875 $2,318 Depreciation and amortization Impairment of long-lived assets Total expenses Operating income Prepare a common-size analysis of this section of Cullumber Burgers' income statement. Your answers may not add perfectly due to rounding. (Round answers to 1 decimal place, eg, 50.2%.) 2016 2015 Total Revenues Expenses Cost of restaurant sales Restaurant operating expenses General and administrative Advertising Depreciation and amortization Impairment of long-lived assets Total expenses Operating income
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