But were operating expenses, goods sold and compensation of employees higher or lower in 2010?
In the food services sector which mainly covered restaurants, total receipts in 2010 amounted to $101.4 billion while operating expenses, cost of goods sold and compensation of employees totalled $93.7 billion.
Gross surplus increased from $7.4 billion in 2009 to $7.6 billion in 2010, accounting for 7.5% of total receipts in 2010. Value added increased by 6.9% over 2009 to $35.2 billion.
Overall, the import/export, wholesale and retail trades, and accommodation and food services sectors' total receipts (i.e. sales and other receipts) amounted to $4,132.7 billion in 2010, representing an increase of 17.9% over 2009; on a per establishment basis, total receipts increased by 13.2% compared with 2009 to $24.5 million in 2010.
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