The Tree Doctors provide tree-spraying services in the company's home county. Fergus McNabb, owner, incurred the following
Question:
The Tree Doctors provide tree-spraying services in the company's home county. Fergus McNabb, owner, incurred the following operating costs for the month of May 2008:
The Tree Doctors earned $20,000 in revenues for the month of May by spraying trees totaling 30,000 feet in height.
Requirements
1. Prepare an income statement for the month of May. Compute the ratio of total operating expense to total revenue and operating income to total revenue,
2. Compute the unit operating cost of spraying one foot of tree height.
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