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View Policies Current Attempt in Progress Leslie's Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2018 and 2019 income

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View Policies Current Attempt in Progress Leslie's 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 $45,130 $44,187 Total revenues 12,644 12,489 16,898 16.726 7.246 5,280 Expenses Cost of restaurant sales Restaurant operating expenses General and administrative Advertising Depreciation and amortization Impairment of long-lived assets Total expenses Operating income 2,547 2,652 2,206 2,096 986 0 42,527 39.243 $2,603 $4,944 (b) One obvious reason that operating income dropped significantly in 2019 is the impairment of long-lived assets. What other operating issues do you believe contributed to the decline in operating income? BITTLE E * TI T: O Words)

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