Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please complete this for me Convert the consolidated income statements to common size. Use the num- ber of customers to prepare additional analyses. Comment on
please complete this for me
Convert the consolidated income statements to common size. Use the num- ber of customers to prepare additional analyses. Comment on what is hap- pening in this operation using the information you have calculated. P3.10 Freddy's Fried Chicken provides the following for the 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 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 op- erating income per guest. A total of 20,000 guests were served in April Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started