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George Street Deli's owner is disturbed by the poor profit performance of his gelato bar. He has prepared the following profit analysis Sales less Cost

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George Street Deli's owner is disturbed by the poor profit performance of his gelato bar. He has prepared the following profit analysis Sales less Cost of Food Gross margin less Operating expenses: 135000 60000 75000 Wages of counter staff Paper products (e.g. serviettes) Utilities (allocated) Depreciation of counter equipment and furnishings Depreciation of building (allocated) Deli manager's salary (allocated) 36000 12000 8700 7500 12000 9000 Total expenses Loss on gelato bar 1. Evaluate the above analysis that has been prepared by the manager. 85200 (10200) 2. Provide a correct analysis and assess whether or not the gelato bar should be continued

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