Context: Operating Revenues
Tuition and fees $ 5,500,566
Less: Scholarship discounts and allowances (3,442,732)
Net tuition and fees 2,057,834
Grants and contracts, noncapital
Federal 10,606,653
State 14,225,307
Local 625,641
Total grants and contracts, noncapital 25,457,601
Total operating revenues 27,515,435
Operating Expenses
Salaries 35,213,659
Employee benefits 9,968,011
Supplies, materials, and other operating expenses and services 13,238,082
Student financial aid 20,235,160
Equipment, maintenance, and repairs 2,160,898
Depreciation and amortization 7,960,491
Total operating expenses 88,776,301
Operating Loss (61,260,866)
Nonoperating Revenues (Expenses)
State apportionments, noncapital 43,222,748
Local property taxes, levied for general purposes 7,673,927
Taxes levied for other specific purposes 6,416,841
Federal and State financial aid grants 19,628,178  
Question: "In the section under operating revenues calculate the below:
x = Total grant and contracts / Net tuition and fees y = Total operating revenues / Net tuition and fees" Your answer should have exactly 7 paragraphs. Make sure that the first paragraph starts with the word "steps" and that each paragraph is separated by two new lines.
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