apply and illustrate what you have learned this semester, by submitting a full financial synopsis based on a hypothetical fast food restaurant. Below is a mock financial report indicating actual sales and expenses versus budgeted sales and expenses for a one year period of time. Review the report and write a 5 to 7 page financial review of this business incorporating the following areas:
Part I: Analysis (Sections 1 – 3)
Sub-divide your analysis into three distinct sections: 1) Revenue, 2) Expenses, and 3) Profitability
For each section, review the financial statement below and comment on:
• Current status, apply vertical analysis to both Actual Results and Budgeted Results.
• Determine and comment on the variance as it applies to each section. Ask yourself things like:
o How did management perform against what was budgeted?