BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 \begin{tabular}{lccc|} \hline Revenues & Blue Course & Black Course & Gold Course \\ Greens fees revenue & $62,500 & ? & $42,800 \\ Outings revenue & $73,500 & 2,000? & $7,000 \\ Total revenue & & $95,000 & \end{tabular} Expenses Landscaping Wages Repairs and maintenance Fuel Utilities Total expenses $7,800 43,900 5,600 3,100 1,800 $62,200 $14,200 ? 2,600 3,000 3,000 $79,100 $6,400 32,600 4,400 1,980 1,650 $47,030 Operating income Operating income % $11,300 $15,900 ? ? A. Calculate the operating income percentage for each of the courses. Comment on how your analysis has changed for each course. B. Perform a vertical analysis for each course. Based on your analysis, what accounts would you want to investigate further? How might management utilize this information? C. Which method of analysis (using a dollar value or percentage) is most relevant and/or useful? Explain