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PLEASE SHOW WORK! Regatta operates a small specialty market in their hometown. They opened a second in August 2020. On Dec. 31 they closed their

PLEASE SHOW WORK!

Regatta operates a small specialty market in their hometown. They opened a second in August 2020. On Dec. 31 they closed their books on their second year in business. Excerpts from their financial statements are shown below. Fleet, Inc. has been operating a similar store to Regatta for 20 years. Excerpts from their financial statements are also below. Calculate the overall and comp sales increases for both companies. Compare and comment on the growth and health of each company.

Regatta

Fleet, Inc.

Income Statement

Income Statement

2019

2020

2019

2020

Sales Store 1

52,000

52,780

Sales Store 1

43,000

45,150

Sales Store 2

NA

21,240

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