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Current Attempt in Progress Leslie's Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2018 and 2019 income statements are
Current Attempt in Progress Leslie's Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2018 and 2019 income statements are as follows (in $000s): Year Ended December 31, 2019 December 31, 2018 Total revenues $45,130 $44,187 Expenses Cost of restaurant sales 12,644 12,489 Restaurant operating expenses 16,898 16,726 General and administrative 7,246 5,280 Advertising 2,547 2,652 Depreciation and amortization 2,206 2,096 Impairment of long-lived assets 986 0 Total expenses 42,527 39,243 Operating income $2,603 $4,944 (a) Prepare a common-size analysis of this section of Leslie's Burgers' income statement. Your answers may not add perfectly due to rounding. (Round answers to 1 decimal place, e.g. 50.2%.) 2019 2018 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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