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CH9 Q3 The following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is
CH9 Q3
The following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is as follows: BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Blue Course Black Course Gold Course Revenues Greens fees revenue $62,500$89,000$42,700 Outings revenue Total revenue Expenses Landscaping $7,800$14,200$6,500 Wages 43,900?32,700 Repairs and maintenance 5,6002,6004,300 Utilities Total expenses $62,2001,800$79,6003,000$47,0701,600 Operating income $11,600$15,400 ? A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue % Course Black % Course Gold % 1. Perform a vertical analysis for each course. Round your percentages to one decimal placeStep by Step Solution
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