Maurice Tutor

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Category > Accounting Posted 17 Aug 2017 My Price 9.00

LA Theatres Inc

3.14.            LA Theatres Inc. has two distinct revenue sources, ticket and concession revenues. The follow- ing information from LA Theatres Inc. income statements for the past three years is available:

 

(in millions)

2013

 

2012

 

2011

 

Ticket revenue

$1,731

 

$1,642

 

$1,120

 

Concessions revenue

     792

 

     687

 

     411

 

Total revenue

$2,523

 

$2,329

 

$1,531

 

Cost of goods sold—tickets

$   951

 

$   854

 

$   549

 

Cost of goods sold—concessions

       70

 

       69

 

       48

 

Total cost of goods sold

$1,021

 

$ 923

 

$   597

 

Gross profit

$1,502

 

$1,406

 

$   934

 

 

 

 

 

 

 

 

 

(a)     Calculate gross profit margins for tickets and concessions for all three years. Calculate an overall gross profit margin for LA Theatres Inc. for all three years.

(b)     Analyze the changes in gross profit margin for all three years.

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 12:08 AM My Price 9.00

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