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 $62,500 Greens fees revenue Outings revenue Total revenue 7 $89,000 6,000 $95,000 $42,700 28,000 $70,700 $73,100 Expenses Landscaping Wages Repairs and maintenance Fuel Utilities $7,800 43,900 5,600 3,100 1,800 362,200 $14,200 ? 2,600 3,000 3,000 $79,200 $6,300 32,500 4,500 1,970 1,650 $46,920 Total expenses Operating income $10.900 $15,800 2 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 Blue Course Gold Revenues Greens fees revenue $62,500 $89,000 6,000 $42,700 28,000 Outings revenue $73,100 $95,000 $70,700 Total revenue Expenses Landscaping $7,800 % $14,200 % % Wages 43,900 9 % % Repairs and maintenance 5,600 % 2,600 % % $6,300 32,500 4,500 1,970 1,650 $46920 Fuel % % %6 3,100 1,800 3,000 3,000 % % % Utilities Total expenses Operating income $62200 $10,900 $79200 $15,800 Operating Income % % % 9 2. Based on a vertical analysis of each course, which accounts would you want to investigate further? G. Which method of analysis (using a dollar value or percentage) is most relevant and/or useful? Why