The dining room at the Redrock Inn is extremely popular. Terry Ray, the food and beverage director, is pleased to see that his revenue is higher than last year. Of course, expenses are higher also. Express Terry’s expenses and profit as a percentage of total revenue, both this year and last year (fill in all empty blanks).
Round answers to two decimal places if a dollar amount and 1 decimal position if a percentage.
	This Year	%	Last Year	%
Revenue	$ 999,971.00		$ 929,421.00
F&B Expense	375,769.00		370,668.00
Labor Expense	368,190.00		355,651.00
Other Expense	142,996.00		144,068.00
Total Expenses
Profit
1. How is Terry doing in managing his expenses when comparing this year to last year?
2. How do changes in revenue affect his performance?

Answer rating: 100% (QA)

Lets calculate the percentages for this year and last year 1 Percentage of Expenses to Revenue For t... View the full answer