accounting homework question #5

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The Tree Doctors provide tree spraying services in the companys home county.  Ivan Roof, the owner, incurred the following operating cost for the month of August 2012.

The tree doctors earned $22,000.00 in revenues for the month of August by spraying trees totaling 25,000 feet in height..

 

operating cost

Salaries and wages . . . . . . . . . . . . . . . . . . . . .
$7,000
Chemicals . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4,300
Depreciation on truck . . . . . . . . . . . . . . . . . . . .
550
Depreciation on building and equipment . . . . .
1,000
Supplies expense . . . . . . . . . . . . . . . . . . . . . . .
700
Gasoline and utilities . . . . . . . . . . . . . . . . . . . .
1,410

Prepare an income statement for the month of

August.

Compute the ratio of total operating expense to total revenue and operating income to total revenue. (Round the ratios to the nearest whole number.)

 
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The Tree Doctors
 
 
 
Income Statement
 
 
 
Month Ended August 31, 2012
 
 
 
 
 
 
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
%
 
 
 
 
 
 
 
 
 
 
%

 

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