Solution-Prepare a common-size analysis of section

Prepare a common-size analysis of section

Assignment Help Accounting Basics

Reference no: EM131814578

Leslie's Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2012 and 2013 income statements are as follows (in $000s):

Year Ended
December 31, 2013		December 31, 2012
Total revenues	$41,241	$40,193
Expenses
Cost of restaurant sales	11,129	11,085
Restaurant operating expenses	16,917	16,732
General and administrative	6,832	5,291
Advertising	2,566	2,654
Depreciation and amortization	2,207	2,113
Impairment of long-lived assets	987	0
Total expenses	40,638	37,875
Operating income	$603	$2,318

(a) Prepare a common-size analysis of this section of Leslie's Burgers' income statement. Your answers may not add perfectly due to rounding. (Round answers to 1 decimal place, e.g. 50.2%.)

Reference no: EM131814578

Questions Cloud

Explain the most important aspect of confidentiality : Discuss the differences between confidentiality, privacy, and privileged communication, as well as the differences between the duty to warn and duty to protect.

What does charles trout mean by economic practices : What does Charles Trout mean by that and how does this apply to Boston? Give examples to show your point, drawing from the readings and from the lectures.

What is beverage internationals receivables turnover ratio : What is Beverage Internationals receivables turnover ratio, The company's accounts receivable balance at the beginning of the year equaled

Prepare a statement of cash flows using the direct method : The investments were sold for $294,000 cash. Prepare a statement of cash flows, using the direct method of presenting cash flows for operating activities

Prepare a common-size analysis of section : Prepare a common-size analysis of this section of Leslie's Burgers' income statement

How hyperinflation contributed to hitler being elected : Explain how hyperinflation (1923) and the subsequent depression contributed to Hitler being elected in Germany. Do you believe it is important to study history?

What are some of the ad valorem property tax problems morgan : Morgan inherits her father's personal residence, including all of the furnishings. She plans to add a swimming pool and sauna to the property

Prepare the reconciliation of the governmental fund balances : Prepare the reconciliation of the governmental fund balances to the net position reported for governmental activities on the Statement of Net Position

Why should a task analysis be performed to address : Why would it be important to participate in a cross-cultural training before a business trip out of the country or an international assignment?

User Account

All Pages

Prepare a common-size analysis of section

Reference no: EM131814578

Reference no: EM131814578

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT