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help! The following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is as
help! 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 ? 6,000 29,000 Total revenue $74,100 $95,000 $71,700 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 $79,400 $6,400 32,600 4,500 1,980 1,700 $47,180 Operating income $11,900 $15,600 ? 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 Course Black Course Gold Course Blue Revenues Greens fees revenue $62,500 $89,000 6,000 $42,700 29,000 $71,700 $74,100 $95,000 % % % $6,400 $7,800 $14,200 % % 32,600 % 43,900 5,600 Outings revenue Total revenue Expenses Landscaping Wages Repairs and maintenance Fuel utilities Total expenses Operating income Operating income % % % % 2,600 4,500 % 996 % 3,000 3,100 1,800 1,980 1,700 3,000 % % 96 $62200 $47180 $79400 $15,600 $11,900 % % 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
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