What is the Operating Ratio for this company? INCOME STATEMENT Particulars Amount Income 687,700 Revenues from Court Fees 678,100 Revenues from Locker Fees 9,600 Expenses Cost of Sales: 474,600 Supplies 1,200 Wages Expense 351,000 Maintenance Expense 51,600 Utilities Expense 64,800 Supplies Expense 6,000 Gross Profit: 213,100 Operating Expenses: 131,150 Advertising Expense 39,750 Depreciation Expense - Building 30,000 Depreciation Expense - Equipment 12,000 Property Tax Expense 22,500 Miscellaneous Expense 6,900 Operating Profit: 166,450 Income Tax Expense 20,000 Profit: 81,950 BALANCE SHEET Particulars Amount Assets Current Assets: 35,800 Cash 26,200 Prepaid Advertising 9,600 Non Current Assets: 590,800 Land 100,000 Building 645,200 Accumulated Depreciation - Building -260,000 Equipment 156,000 Accumulated Depreciation - Equipment -50,400 Total Assets: 626,600 Liabilities Current Liabilities: 127,500 Accounts Payable 73,000 Wages Payable 9,000 Property Taxes Payable 22,500 Unearned Revenue - Locker Fee 3,000 Income Taxes Payable 20,000 Non Current Liabilities: 0 Total Liabilities: 127,500 Equity Common Stock 200,000 Retained Earnings 299,100 Total Equity: 499,100