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Prepare common size analysis of cullumber income statement

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Reference no: EM132761833

Question - Cullumber burgers operates and franchises fat food restauarants specializing in grilled hamburgers and chicken sandwiches. The 2018 and 2019 income statements are as follows (in $000s):

 

Year ended December 31, 2019

Year ended December 31, 2018

Total Revenues

$36,000

$37,000

Expenses

 

 

Cost of restaurant sales

9,360

10,915

Restaurant operating expenses

14,256

14,689

General and Administrative

5,292

5,106

Advertising

1,908

2,368

Depreciation and amortization

1,440

1,776

Impairment of long lived assets

720

0

Total expenses

32,976

34,854

Operating income

$3,024

$2,416

Required - Prepare a common size analysis of this section of cullumber burgers income statement.

Reference no: EM132761833

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