Question
Based on the following information, Salaries and Wages: $18,944 Utilities: $4,726 Net Rental Income: $262,968 Real Estate Taxes: $28,273 General & Administrative: $18,921 Other Income:
Based on the following information,
- Salaries and Wages: $18,944
- Utilities: $4,726
- Net Rental Income: $262,968
- Real Estate Taxes: $28,273
- General & Administrative: $18,921
- Other Income: $15,435
- Repairs and Maintenance: $30,459
Using the information from above, calculate the operating ratio (OR) and interpret the result (include what range is typically considered good and why even a low operating ratio could indicate a problem in some situations --- in other words, be thorough in your response)
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
13th Edition
1337395080, 9781337395083
