Observe your two years data and analyses conducted. Do you think the increased profit of 2019 is only because they served more customers in 2018? Please explain your thoughts by referencing appropriate data in your analysis (2 pts). Note: Use whole numbers for $ and keep two decimal places for % (e.g., $4,999; 45.56%); for the common size analysis, you need to use total food sale/beverage sale as denominator for calculating food or beverage cost percentage. Others will be based on total revenue.

Particulars	Dec-19	Dec-18
Food Revenue	91,000	80,000.00
Beverage Rev	44,000	40,000
TOTAL REVENUE	135,000	120,000
Cost of Goods Sold opening inventory purchase:
Food Cost	27,000	25,000
Beverage Cost	16,000	17,000
Closing Inventory	43,000	42,000
Labor Expenses
Salaries/Wages	32,000	30,000
Employee Benefits	7,000	6,000
Total Labor	39,000	36,000
Other Controllable Expenses
Other Operating Expenses	6000	5000
Music/Entertainment	1000	1000
Rent/Occupancy Cost	8000	8000
Marketing	3000	3000
Total	18000	17000
Uncontrollable Fixed Expenses
Utilities	6000	5000
Admin/General	5000	5000
Repairs/Maintenance	1000	2000
Interest	5000	5000
Depreciation	4000	4000
Total	21000	21000
Profit before taxes (A-B-C-D-E)	14000	4000
Federal Income Tax @ 15%	-2100	-600
State Income Tax @5%	-700	-200
Net Income	11200	3200