Freddys Fried Chicken provides the following for the months of April and May:

Complete the following:

a. Convert the income statement to common-size vertical analysis.

b. Convert the income statement to a comparative horizontal analysis.

c. With the information given, calculate the average check, cost, and operating income per guest. A total of 20,000 guests were served in April and 22,000 in May, comment on Freddys operating results for the two months of April and May.

Sales Revenue Sales revenue-food Sales revenue-beverages Total Sales Revenue April $199,000 72,000 $271,000 May $213,500 74,000 $287,500 Operating Expenses Cost of sales-food Cost of sales-beverage Wages expense Other operating expenses Total expenses Operating Income (BT) $ 71,500 16,800 76,000 77,100 $241,400 $ 29,600 $ 82,000 19,900 85,000 82,000 $268,900 $ 18,600