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Question 1 of 8 -/3.13 Ivanhoe Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2018 and 2019 income statements

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Question 1 of 8 -/3.13 Ivanhoe Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2018 and 2019 income statements are as follows (in $000s): Year Ended December 31, 2019 December 31, 2018 $37.000 $38,000 Total revenues Expenses Cost of restaurant sales Restaurant operating expenses General and administrative Advertising Depreciation and amortization Impairment of long-lived assets Total expenses Operating income 9,546 14,578 5,365 1.887 1,406 666 33,448 $3.552 11,096 15.276 5,092 3,116 1,938 0 36,518 $1,482 Question 1 of 8 > -/3.13 (a) Prepare a common-size analysis of this section of Ivanhoe Burgers' income statement. Your answers may not add perfectly due to rounding. (Round answers to 1 decimal place, e.g. 50.2%.) 2019 2018 Total Revenues % %6 Expenses Cost of restaurant sales % % Restaurant operating expenses % % General and administrative % %6 Advertising % % Depreciation and amortization Impairment of long-lived assets % % Total expenses % % Operating income % %

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