19 Jul Accounting Homework Question #5
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
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Salaries and wages . . . . . . . . . . . . . . . . . . . . .
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$7,000
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Chemicals . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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4,300
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Depreciation on truck . . . . . . . . . . . . . . . . . . . .
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550
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Depreciation on building and equipment . . . . .
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1,000
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Supplies expense . . . . . . . . . . . . . . . . . . . . . . .
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700
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Gasoline and utilities . . . . . . . . . . . . . . . . . . . .
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1,410
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Prepare an income statement for the month of
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
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Income Statement
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Month Ended August 31, 2012
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