NCIAL STATEMENTS ANALYSIS AND INTERPRETATION OF FINANCIAL TER 3 her restaurant similar to ypical elements of an me (before tax) of the ble for a table service, family-oriented, lunch and dinner re his (see below). The data provide percentage ranges for typical el income statement. Comment on how the operating income het 4C restaurant compares to similar restaurants. Is the comparison valid? Explain Low (%) Sales Revenue High (%) 84.0 33.0 68.0 100% 16.0 2012 30.0% 17.0% 40.0% 33.0% 44.0% 71.0% 35.0% 62.0% Food operations Beverage operations Total Sales Revenue Cost of sales, food Cost of sales, beverages Total Cost of Sales Gross Margin Operating Expenses Wages expense Salaries expense Employee benefits expense Employee meals expense Laundry, linen, uniforms expense Replacements expense Services supplies expense Menus, printing expense Miscellaneous expense Entertainment expense Advertising, promotion expense Utilities expense 26.0% 2.0% 3.0% 1.0% 1.5% 31.0% 6.0% 5.0% 2.0% 2.0% 1.0% 2.0% 0.5% 0.5% 0.5% 2.0% Administrative expense Repairs, maintenance expense Rent expense Property taxes expense Insurance expense Interest expense Depreciation expense Franchise expense (if applicable) Total Operating Expenses Operating Income (before tax) 1.0% 0.3% 0.3% 0.5% 0.7% 2.0% 3.0% 1.0% 4.5% 0.5% 0.8% 0.3% 2.0% 2.5% 4.0% 6.0% 2.0% 7.0% 1.5% 1.0% 1.0% 2.8% 8.0% 3.0% 51.5% 1.5% 62.5% 12.0% b. The guest count (covers) for the 4C restaurant for the termine the overall NCIAL STATEMENTS ANALYSIS AND INTERPRETATION OF FINANCIAL TER 3 her restaurant similar to ypical elements of an me (before tax) of the ble for a table service, family-oriented, lunch and dinner re his (see below). The data provide percentage ranges for typical el income statement. Comment on how the operating income het 4C restaurant compares to similar restaurants. Is the comparison valid? Explain Low (%) Sales Revenue High (%) 84.0 33.0 68.0 100% 16.0 2012 30.0% 17.0% 40.0% 33.0% 44.0% 71.0% 35.0% 62.0% Food operations Beverage operations Total Sales Revenue Cost of sales, food Cost of sales, beverages Total Cost of Sales Gross Margin Operating Expenses Wages expense Salaries expense Employee benefits expense Employee meals expense Laundry, linen, uniforms expense Replacements expense Services supplies expense Menus, printing expense Miscellaneous expense Entertainment expense Advertising, promotion expense Utilities expense 26.0% 2.0% 3.0% 1.0% 1.5% 31.0% 6.0% 5.0% 2.0% 2.0% 1.0% 2.0% 0.5% 0.5% 0.5% 2.0% Administrative expense Repairs, maintenance expense Rent expense Property taxes expense Insurance expense Interest expense Depreciation expense Franchise expense (if applicable) Total Operating Expenses Operating Income (before tax) 1.0% 0.3% 0.3% 0.5% 0.7% 2.0% 3.0% 1.0% 4.5% 0.5% 0.8% 0.3% 2.0% 2.5% 4.0% 6.0% 2.0% 7.0% 1.5% 1.0% 1.0% 2.8% 8.0% 3.0% 51.5% 1.5% 62.5% 12.0% b. The guest count (covers) for the 4C restaurant for the termine the overall