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		$42,900
Outings revenue	?		6,000		29,000
Total revenue	$73,100		$95,000		$71,900
Expenses
Landscaping	$7,800		$14,200		$6,500
Wages	43,900		?		32,600
Repairs and maintenance	5,600		2,600		4,500
Fuel	3,100		3,000		1,990
Utilities	1,800		3,000		1,650
Total expenses	$62,200		$78,100		$47,240
Operating income	$10,900		$16,900		?

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 Blue		Course Black		Course Gold
Revenues
Greens fees revenue	$62,500		$89,000		$42,900
Outings revenue			6,000		29,000
Total revenue	$73,100		$95,000		$71,900
Expenses
Landscaping	$7,800		$14,200		$6,500
Wages	43,900				32,600
Repairs and maintenance	5,600		2,600		4,500
Fuel	3,100		3,000		1,990
Utilities	1,800		3,000		1,650
Total expenses	$62200		$78100		$47240
Operating income	$10,900		$16,900
Operating income %

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?