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Sunland Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2015 and 2016 income statements are as follows (in $000s):
Sunland Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2015 and 2016 income statements are as follows (in $000s): Year Ended December 31, 2016 December 31, 2015 Total revenues $41,191 $40,473 Expenses Cost of restaurant sales Restaurant operating expenses General and administrative Advertising Depreciation and amortization Impairment of long-lived assets 11,140 16,906 6,831 2,554 2,235 1,006 40,672 $519 11,074 16,741 5,293 2,672 2,099 Total expenses Operating income 37,879 $2,594 Prepare a common-size analysis of this section of Sunland Burgers income statement. Your answers may not add perfectly due to rounding. (Round answers to 1 decimal place, e.g. 50.2%.) 2016 2015 Total Revenues 41,191 40,473 Expenses Cost of restaurant sales Restaurant operating expenses General and administrative Advertising Depreciation and amortization Prepare a common-size analysis of this section of Sunland Burgers' income statement. Your answers may not add perfectly due to rounding. (Round answers to 1 decimal place, e.g. 50.2%.) 2016 2015 Total Revenues 41,191 40,473 Expenses Cost of restaurant sales Restaurant operating expenses General and administrative Advertising Depreciation and amortization Impairment of long-lived assets Total expenses Operating income Question Attempts: 0 of 3 used
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