eBook Print tem 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 $74,500 6,000 $95,000 29,000 $71,700 Expenses Landscaping $7,800 $14,200 $6,300 Wages 43,900 7 32,700 Repairs and maintenance 5,600 2,600 4,500 Fuel 3,100 3,000 1,970 Utilities 1,800 3,000 1,600 Total expenses $62,200 $80,000 $47,070 Operating Income $12,300 $15,000 A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. eBook Print Item A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue Course Black % % Course Gold % B. 1. Perform a vertical analysis for each course. Round your percentages to one decimal place. Bluff Run Golf Courses Income Statement Month Ending July 31, 2018 Revenues Course Blue Course Black Course Gold Greens fees revenue $62,500 Outings revenue Total revenue $74,500 $89,000 6,000 $95,000 $42,700 29,000 $71,700 Expenses Landscaping $7,800 % $14,200 % $6,300 % Wages 43,900 % % 32,700 % Repairs and maintenance 5,600 % 2,600 % 4,500 % Fuel 3,100 % 3,000 % 1,970 % Utilities 1,800 % 3,000 % 1,600 % eBook Print Item Income Statemen Month Ending July 31, 2018 Course Blue Course Black Course Gold Revenues Greens fees revenue $62,500 Outings revenue Total revenue $74,500 $89,000 6,000 $95,000 $42,700 29,000 $71,700 Expenses Landscaping $7,800 % $14,200 % $6,300 % Wages 43,900 % % 32,700 % Repairs and maintenance 5,600 % 2,600 % 4,500 % Fuel 3,100 % 3,000 % 1,970 % Utilities 1,800 % 3,000 % 1,600 % Total expenses $62200 $80000 $47070 Operating income $12,300 $15,000 Operating income % % % % 2. Based on a vertical analysis of each course, which accounts would you want to investigate further? C. Which method of analysis (using a dollar value or percentage) is most relevant and/or useful? Why?