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 ? $89,000 6,000 395,000 $42,800 28,000 $70,800 $72,500 $14,200 7 Expenses Landscaping Wages Repairs and maintenance Fuel Utilities Total expenses $6,400 32,600 4,500 $7,800 43,900 5,600 3,100 1,800 $62,200 1,980 2,600 3,000 3,000 $79,500 1,700 $47,180 Operating income $10,300 $15,500 ? A. Calculate the operating Income percentage for each of the courses. Round your percentages to one decimal place. Course Blue 15.37 X % Course Black % Course Gold 9 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 Outings revenue Total revenue Expenses Landscaping $62,500 10,000 $89,000 6,000 $42,800 28,000 $72,500 $95,000 $70,800 $7,800 % $14,200 % % Wages 43,900 9% I. % $6,400 32,600 4,500 % Repairs and maintenance 5,600 % 2,600 % % Fuel % % 1,980 % % 3,100 1,800 $62200 $10,300 % 1,700 Utilities Total expenses Operating income Operating Income % % 3,000 3,000 $79500 $15,500 $47180 % % 9 Feedback Check My Work 1. Examine the amounts in the vertical analysis carefully. What expense amounts are different relative to the other courses? What conc this