Problem Set A PA1. LO 9.3 Use the following information from Exercise EA3 to answer the questions that follow. BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Course B Course C Course A Greens fees revenue Outings revenue Total revenue $89,000 $62,500 $42,800 6,000 $95,000 28,000 $70,800 ? $73,500 Landscaping Wages Repairs and maintenance Fuel $ 6,400 $ 7,800 43,900 5,600 3,100 1,800 $62,200 $14,200 32,600 2,600 3,000 4,400 1,980 Utilities 3,000 1,650 Total expenses $79,100 $47,030 Operating income Operating income % $15,900 $11,300 ? A. Calculate the operating income percentage for each of the courses. Comment on how your analysis has changed for each course. B. Perform a vertical analysis for each course. Based on your analysis, what accounts w you want to investigate further? How might management utilize this information? C. Which method of analysis (using a dollar value or percentage) is most relevant and/c useful? Explain. Solution A. B