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

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