Income Statement 2019 2018 2017 Revenues Restaurant Bar Total $180,000 67,000 247,000 $187,000 57,000 244,000...
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Income Statement 2019 2018 2017 Revenues Restaurant Bar Total $180,000 67,000 247,000 $187,000 57,000 244,000 $197,000 47,000 244,000 Expenses Restaurant Bar Total Net Income $130,000 50,000 180,000 67.000 $125,000 48,000 173,000 71,000 $120,000 47,000 167,000 77.000 4) Analyze the business revenue using the previous table a) Comparative Trend Analysis - Calculate the percent change from year to year in revenues in the table below 1) Percent change = (current year/past year - 1) X 100 (1) Example, 2017 to 2018 = (187,000/197,000 - 1) X 100 2018 to 2019 Percent Change 2017 to 2018 Percent Change 5.08% Revenues Restaurant Bar Total b) Common Size Analysis i) For each item, divide by total revenue to get a percent (1) For example, 2017 Restaurant Revenue Percent = 197,000/244,000 X 100 Revenues Restaurant Bar 2019 Percent of Total 72.87% 27.13% 2018 Percent of Total 76.64% 23.36% 2017 Percent of Total 80.74% 19.26% c) What do the two tables above show you regarding revenue
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