flect in ePortfolio Page 7 EXHIBIT 1: GOLF COURSE INDUSTRY BENCHMARK DATA- REVENUES BY SIZE OF COURSE (2017) Revenue range: Low Value ($000) High Value ($000) Revenues and expenses Total revenue Sales of goods and services All other revenues Cost of sales (direct expenses) Operating expenses (indirect expenses) Total expenses Net profit/loss Financial ratios Current ratio (x) Debt to equity ratio (x) Interest coverage ratio (x) Gross margin (%) Return on total assets (%) Bottom quartile (25%) Download $ $ Print 30 $ 266 100.00 84.10 15.90 17.60 90.80 108.30 -8.30 Lower middle (25%) 0.60 4.10 -1.30 79.10 -1.90 266 $ 586 $ Upper middle (25%) % of revenues 100.00 86.40 13.60 22.20 80.90 103.10 -3.10 0.60 3.40 0.30 74.30 0.60 586 1,240 $ Open with docReader 100.00 90.30 9.70 25.10 77.20 102.40 -2.40 9B20B017 0.70 2.70 0.10 72.20 0.20 Top quartile (25%) 1,240 5,000 Source: Created by the case authors using data from Statistics Canada, Small Business Profiles, 2017, accessed June 5, 2020, www.ic.gc.ca/app/sme-pme/b