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For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $33,900 Food and packaging $9,880 Payroll 8,500 Occupancy (rent,
For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions):
Sales | $33,900 |
Food and packaging | $9,880 |
Payroll | 8,500 |
Occupancy (rent, depreciation, etc.) | 9,600 |
General, selling, and administrative expenses | 4,900 |
$32,880 | |
Income from operations | $1,020 |
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