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 6,000 $42,900 27,000 Outings revenue ? Total revenue $73,800 $95,000 $69,900 $7,800 $6,400 Expenses Landscaping Wages Repairs and maintenance Fuel $14,200 2 32,600 43,900 5,600 2,600 4,300 3,000 1,990 3,100 1,800 Utilities 3,000 1,600 Total expenses $62,200 $79,800 $46,890 Operating income $11,600 $15,200 2 A. Calculate the operating income percentage for each of the courses, Round your percentages to one decimal place. Course Blue 9 Course Black 9% Course Gold 96 B. Check My Work CDL Course Blue Course Black Course Gold Revenues Greens fees revenue $62,500 $89,000 $42,900 6,000 27,000 $73,800 $95,000 $69,900 Outings revenue Total revenue Expenses Landscaping $7,800 % $14,200 $6,400 % 43,900 96 32,600 96 Wages Repairs and maintenance Fuel 5,600 2,600 96 4,300 % 3,100 96 96 1,990 96 3,000 3,000 96 96 1,800 $62200 1,600 $46890 Utilities Total expenses Operating income Operating income $79800 $15,200 $11,600 96 % Feedback Check My Work 1. Examine the amounts in the vertical analysis carefully. What expense amounts are different relative to the other courses? What conclusion can you make from this? 2. Based on a vertical analysis of each course, which accounts would you want to investigate further? Course Gold is performing better with respect to landscaping, wages, and fuel. C. Which method of analysis (using a dollar value or percentage) is most relevant and/or usefuf? Why? The percentage method is most relevant/useful because it removes the size differences betwee Check My Work Previous Next > All work saved. Email Instructor Save and Ex Submit Assignment for Grading