Revenues Greens fees revenue Outings revenue Total revenue BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Blue Course $62,500 ? $73,500 Black Course Gold Course $89,000 6,000 $95,000 $42,800 28,000 $70,800 Expenses Landscaping $ 7,800 $14,200 $ 6,400 Wages 43,900 ? 32,600 Repairs and maintenance 5,600 2,600 4,400 Fuel 3,100 3,000 1,980 Utilities 1,800 3,000 1,650 Total expenses $62,200 $79,100 $47,030 Operating income $11,300 $15,900 ? Operating income% ? ? ? 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 would 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/or useful? Explain.