Question: Use the information that you calculated in Assignment #2 for this assignment. A. Calculate the operating income percentage for each of the courses. B. How

Use the information that you calculated in Assignment #2 for this assignment.

A. Calculate the operating income percentage for each of the courses.

B. How your analysis has changed for each course?

Tactical Paint
Income Statement
Month Ending February 28, 2022
Revenues Green Orange Purple
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 %

C. Perform a vertical analysis for each course.

Tactical Paint
Income Statement
Month Ending February 28, 2022
Revenues Green Orange Purple
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
Rapairs 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 %

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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!