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A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place.

A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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
BLUFF RUN SES 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 $74,100 $95,000 $71,900 enses Landscaping $7,800 $14,200 $6,300 Wages 43,900 ? 32,500 Repairs and maintenance 5,600 2,600 4,300 Fuel 3,100 3,000 1,980 Utilities 1,800 3,000 1,600 Total expenses $62,200 $79,500 $46,680 Operating income $11,900 $15,500 ? A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue % Course Black % Course Gold %
Transcribed Image Text:BLUFF RUN SES 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 $74,100 $95,000 $71,900 enses Landscaping $7,800 $14,200 $6,300 Wages 43,900 ? 32,500 Repairs and maintenance 5,600 2,600 4,300 Fuel 3,100 3,000 1,980 Utilities 1,800 3,000 1,600 Total expenses $62,200 $79,500 $46,680 Operating income $11,900 $15,500 ? A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue % Course Black % Course Gold %
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