Use the following information to answer the questions that follow.

Revenue	Blue Course	Black Course	Gold Course
Greens fees revenue	$62,500	$89,000	$42,800
Outings revenue	?	6,000	28,000
Total revenue	$73,500	$95,000	$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 %	?	?	?

Calculate the operating income percentage for each of the courses. Comment on how your analysis has changed for each course.

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?

Which method of analysis (using a dollar value or percentage) is most relevant and/or useful? Explain.