A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank e98899ffcfd402e_1% Course Black fill in the blank e98899ffcfd402e_2% Course Gold fill in the blank e98899ffcfd402e_3% Question Content Area B. 1. Perform a vertical analysis for each course. Round your percentages to one decimal place. Bluff Run Golf CoursesIncome StatementMonth Ending July 31, 2018 Course Blue Course Black Course Gold Revenues Greens fees revenue $62,500 $89,000 $42,900 Outings revenue fill in the blank 9d80840bb018fb2_1 6,000 27,000 Total revenue $74,200 $95,000 $69,900 Expenses Landscaping $7,800 fill in the blank 9d80840bb018fb2_2% $14,200 fill in the blank 9d80840bb018fb2_3% $6,300 fill in the blank 9d80840bb018fb2_4% Wages 43,900 fill in the blank 9d80840bb018fb2_5% fill in the blank 9d80840bb018fb2_6 fill in the blank 9d80840bb018fb2_7% 32,500 fill in the blank 9d80840bb018fb2_8% Repairs and maintenance 5,600 fill in the blank 9d80840bb018fb2_9% 2,600 fill in the blank 9d80840bb018fb2_10% 4,500 fill in the blank 9d80840bb018fb2_11% Fuel 3,100 fill in the blank 9d80840bb018fb2_12% 3,000 fill in the blank 9d80840bb018fb2_13% 1,970 fill in the blank 9d80840bb018fb2_14% Utilities 1,800 fill in the blank 9d80840bb018fb2_15% 3,000 fill in the blank 9d80840bb018fb2_16% 1,600 fill in the blank 9d80840bb018fb2_17% Total expenses $62200 $78100 $46870 Operating income $12,000 $16,900 $fill in the blank 9d80840bb018fb2_18 Operating income % fill in the blank 9d80840bb018fb2_19% fill in the blank 9d80840bb018fb2_20% fill in the blank 9d80840bb018fb2_21% Question Content Area 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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question Content Area

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

Course Blue	fill in the blank e98899ffcfd402e_1%
Course Black	fill in the blank e98899ffcfd402e_2%
Course Gold	fill in the blank e98899ffcfd402e_3%

Question Content Area

1. Perform a vertical analysis for each course. Round your percentages to one decimal place.

Bluff Run Golf CoursesIncome StatementMonth Ending July 31, 2018

	Course Blue		Course Black		Course Gold
Revenues
Greens fees revenue	$62,500		$89,000		$42,900
Outings revenue	fill in the blank 9d80840bb018fb2_1		6,000		27,000
Total revenue	$74,200		$95,000		$69,900
Expenses
Landscaping	$7,800	fill in the blank 9d80840bb018fb2_2%	$14,200	fill in the blank 9d80840bb018fb2_3%	$6,300	fill in the blank 9d80840bb018fb2_4%
Wages	43,900	fill in the blank 9d80840bb018fb2_5%	fill in the blank 9d80840bb018fb2_6	fill in the blank 9d80840bb018fb2_7%	32,500	fill in the blank 9d80840bb018fb2_8%
Repairs and maintenance	5,600	fill in the blank 9d80840bb018fb2_9%	2,600	fill in the blank 9d80840bb018fb2_10%	4,500	fill in the blank 9d80840bb018fb2_11%
Fuel	3,100	fill in the blank 9d80840bb018fb2_12%	3,000	fill in the blank 9d80840bb018fb2_13%	1,970	fill in the blank 9d80840bb018fb2_14%
Utilities	1,800	fill in the blank 9d80840bb018fb2_15%	3,000	fill in the blank 9d80840bb018fb2_16%	1,600	fill in the blank 9d80840bb018fb2_17%
Total expenses	$62200		$78100		$46870
Operating income	$12,000		$16,900		$fill in the blank 9d80840bb018fb2_18
Operating income %	fill in the blank 9d80840bb018fb2_19%		fill in the blank 9d80840bb018fb2_20%		fill in the blank 9d80840bb018fb2_21%

Question Content Area

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?

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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	27,000
Total revenue	$74,200		$95,000	$69,900

Expenses
Landscaping	$7,800		$14,200	$6,300
Wages	43,900		?	32,500
Repairs and maintenance	5,600		2,600	4,500
Fuel	3,100		3,000	1,970
Utilities	1,800		3,000	1,600
Total expenses	$62,200		$78,100	$46,870

Operating income	$12,000		$16,900	?