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	mint cafe
	Summary Income Statements
	December 31, 2015		December 31, 2016
	2015 Amounts	Percentages	2016 Amounts	Percentages
Description
Revenues(Sales)
Food	$3,600,000		$4,000,000
Beverage	2,800,000		2,400,000
Total Revenue	$6,400,000		$6,400,000
Cost of Sales
Food	$1,200,000		$1,400,000
Beverage	660,000		600,000
Total Cost of Sales	$1,860,000		$2,000,000
Gross Profit	$4,540,000		$4,400,000
Operating Expenses
Salaries and Wages	$1,300,000		$1,200,000
Benefits	260,000		240,000
General & Admin.	320,000		320,000
Marketing	240,000		240,000
Utilities	256,000		256,000
Maintenance	192,000		192,000
Depreciation	240,000		240,000
Total Oper. Exp.	$2,808,000		$2,688,000
Operating Income	$1,732,000		$1,712,000
Interest	296,000		296,000
Income before Inc. Taxes	$1,436,000		$1,416,000
Income Taxes	359,000		354,000
Net Income	$1,077,000		$1,062,000

Question: For each year the same income tax rate was used. What was the income tax rate?

a. 5.61%

b. 8.85%

c. 25.00%

d. 30.00%

Approximately 200,000 guests were served in 2015 and approximately 200,000 guests were served in 2016. Which year had the higher average food check and which year had the higher average beverage check?

Group of answer choices

a. 2016 had the higher average food check and 2015 had the higher average beverage check.

b. 2016 had the higher average beverage check and 2015 had the higher average food check.

c. The average food check was the same in both years

d. None of the above

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