The following information is from Dessert Dynasty. The company runs three stores and the December Income Statement for all stores is shown. DESSERT DYNASTY Income Statement Month ending December 31, 2018 Store X Store Y Store Z Retail revenue $17,976 ? $37,380 Event revenue 11,760 4,620 2,520 Total revenue $29,736 $30,879 $39,900 Ingredients 3,528 3,276 ? Wages 15,792 18,438 23,646 Baking supplies 1,848 2,352 1,092 Fuel 832 1,302 1,260 Utilities 693 756 1,260 Total expenses $22,693 $26,124 $33,222 Operating income ? $4,746 $6,678 Required: a) Find the missing values for retail revenue, ingredients, and operating income. b) Comment on the financial performance of each store. c) Identify a limitation of analyzing the information provided. You may want to consider using Microsoft Excel or another spreadsheet application for the numerical data. This information will be used in a subsequent question. Work and Solution: Store Y retail revenue: ___________ Store Z ingredients; _____________ Store X operating income: __________
The following information is from Dessert Dynasty. The company runs three stores and the December Income Statement for all stores is shown.
DESSERT DYNASTY
Income Statement
Month ending December 31, 2018
|
|
Store X |
Store Y |
Store Z |
|
Retail revenue |
$17,976 |
? |
$37,380 |
|
Event revenue |
11,760 |
4,620 |
2,520 |
|
Total revenue |
$29,736 |
$30,879 |
$39,900 |
|
|
|
|
|
|
Ingredients |
3,528 |
3,276 |
? |
|
Wages |
15,792 |
18,438 |
23,646 |
|
Baking supplies |
1,848 |
2,352 |
1,092 |
|
Fuel |
832 |
1,302 |
1,260 |
|
Utilities |
693 |
756 |
1,260 |
|
Total expenses |
$22,693 |
$26,124 |
$33,222 |
|
Operating income |
? |
$4,746 |
$6,678 |
Required:
a) Find the missing values for retail revenue, ingredients, and operating income.
b) Comment on the financial performance of each store.
c) Identify a limitation of analyzing the information provided.
You may want to consider using Microsoft Excel or another spreadsheet application for the numerical data. This information will be used in a subsequent question.
Work and Solution:
- Store Y retail revenue: ___________
Store Z ingredients; _____________
Store X operating income: __________
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