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Exercise 12-5 Crane Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2015 and 2016 income statements are as follows
Exercise 12-5 Crane 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 $41,181 $40,283 Expenses Cost of restaurant sales 11,140 11,076 Restaurant operating expenses 16,905 16,733 General and administrative 6,828 5,297 Advertising 2,562 2,672 Depreciation and amortization 2,230 2,119 Impairment of long-lived assets 993 Total expenses 40,658 Operating income $2,386 37,897 $523 (a) Prepare a common-size analysis of this section of Crane Burgers' income statement. Your answers may not add perfectly due to rounding. (Round answers to 1 decimal place, e.g. 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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