Case 18.1 James and Jabn provide lasant mowing servnces m the local community. Durng monti of July theyd th fllowing ating coss 1o mow 200 tawn Wages expense $5,000 Gesoline expense 1 500 Dapreciation on eqwpmens 1,000 They enrned $20,000 trum mowing law 1 Jul 4)Refee o Case 181 Whtis thet oetsting income Tor July )12,500 B) 15,000 C) 20,000 D) 7.300 5) Refer to Case 181 What is the average cost of mowing oe tawn A)3750 8) 7500 C) 6250 D) 100.00 6) Refer to Case 18 1. Compute the rutio of operating expense to total revowe A) 100.0% B) 62.5% C) 50.0%