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FIGURE 9.1 Joshua’s Income Statement (P&L)1 Joshua’s Inc.
Last Year versus This Year
Last Year % This Year %
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Total Sales $2,306,110 100.0% $2,541,206 100.0%
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Total Cost of Sales2 $ 807,137 35.0% $ 864,009 34.0%
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Total Labor $ 740,262 32.1% $ 825,892 32.5%
PRIME COST $1,547,399 67.1% $1,689,901 66.5%
OTHER CONTROLLABLE EXPENSES
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Total Other Controllable Expenses $ 343,611 14.9% $ 398,970 15.7%
CONTROLLABLE INCOME $ 415,100 18.0% $ 452,335 17.8%
NON-CONTROLLABLE EXPENSES
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Total Non-controllable Expenses
RESTAURANT OPERATING INCOME $ 253,590 11.0% $ 276,428 10.9%
Interest Expense
INCOME BEFORE INCOME TAXES $ 166,840 7.2% $ 191,539 7.5%
Income Taxes
NET INCOME $ 101,772 4.4% $ 114,923 4.5%
1 Income Statement format is based on the USAR, 8th ed., with the inclusion of income taxes and net income.
2 All percentages are computed as a percentage of Total Sales except Cost of Sales line items, which are based on their respective category sales.
*ODPNF4UBUFNFOU USAR'PSNBU 293
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*ODPNF4UBUFNFOU USAR'PSNBU 295
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Type of Expense Expense
% of Direct Operating
Expenses Notes
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