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  3. 2. excerpts from the financial statements for two

2. Excerpts from the financial statements for two restaurant chains in Hollister, MO are shown below. Please...

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Finance

2. Excerpts from the financial statements for two restaurantchains in Hollister, MO are shown below.

Please calculate the overall and comparative sales increases forboth companies and compare and contrast the numbers. Comment on thegrowth and health of each company.

Koi Gardens

Grandma’s Kitchen

Income Statement

Income Statement

Dec. 31, 2017

Dec. 31, 2017

2016

2017

2016

2017

Sales Store 1

450,000

520,000

Sales Store 1

430,000

510,150

Sales Store 2

210,000

210,750

Sales Store 2

NA

155,500

Sales Store 3

NA

150,000

Answer & Explanation Solved by verified expert
3.6 Ratings (253 Votes)
I Income statement Koi Gardens Particulars 2016 2017 Sales store 1 450000 520000 Sales store 2 210000 210750 Sales store 3 NA 150000 Total sales 660000 880750 Grandmas Kitchen Particulars 2016 2017 Sales store 1 430000 510150 Sales store 2 NA    See Answer
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Transcribed Image Text

2. Excerpts from the financial statements for two restaurantchains in Hollister, MO are shown below.Please calculate the overall and comparative sales increases forboth companies and compare and contrast the numbers. Comment on thegrowth and health of each company.Koi GardensGrandma’s KitchenIncome StatementIncome StatementDec. 31, 2017Dec. 31, 20172016201720162017Sales Store 1450,000520,000Sales Store 1430,000510,150Sales Store 2210,000210,750Sales Store 2NA155,500Sales Store 3NA150,000

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