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please do this in table form P3.8 Using the information presented in P3.7, present in proper format a common-size vertical income statement analysis. Comment on
please do this in table form
P3.8 Using the information presented in P3.7, present in proper format a common-size vertical income statement analysis. Comment on any signif- icant results noted. P3.9 You have the following information concerning a fast-food restaurant for three consecutive months. April May June Sales Revenue $120,500 $141,300 $165,900 Cost of sales $41,500 $51,500 $62,800 Wages 34,200 42,100 51,900 Other expenses 22,000 $97,700 25,100 $118,700 29,100 $143,800 Departmental $22,800 $22,600 $22,100 Income Guests served 20,200 24,400 29,900 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 Step by Step Solution
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