Question
Retail Math Volume Homework ( You Must Show All Work in order to receive credit.) 2. Regatta operates a small specialty market in their hometown.
Retail Math Volume Homework (You Must Show All Work in order to receive credit.)
2. 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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