$($True or False$)$ The income statement is the most used financial statement for operations

managers. The Income Statement allows Hotel Management to evaluate not only

performance but efficiencies and effectiveness. Below are examples of information managers

can evaluate from the income statement:

Sales mix analysis: Where are we earning the largest portion of our revenue?

Payroll analysis: What is our labor expense in relation to the revenue we are generating?

Cost of goods sold analysis: What was our COGS per corresponding revenue and has this

changed over time?

Marketing$/$promotion analysis: How do our marketing expense changes relate to revenue

changes?