Calculate the following rations from the following information sheet and balance sheet.

Activity ratios

Operating ratios

Liquidity ratios

Profitability Ratios

Solvency ratios

Flagstaff Marriott Hotel – 600 Rooms
June 30, 2008
Operating Information

1. Total Rooms 18,000 = 600 × 30 days in June
2. Total out of order and complimentary rooms = 75
3. Total Rooms Sold in June = 15,300
4. Total Guests = 18,360
5. Total Room Revenue = $ 1,185,000
6. Total Restaurant Customers = 11,000
7. Total Restaurant Revenue = $125,000
8. Total Food Cost = $35,500
9. Total Hotel Profit (Net Profit) = $ 550,000
10. Number common shares outstanding = 1,000,000
11. Stock Price = $12.00
12. Total Hotel Revenue = $ 1,575,000

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Flagstaff Hotel Balance Sheet June 30, 2008 (000) ASSETS LIABILITIES Current Accounts Payable Wages Payable Taxes Payable Total Current Liabilities Current Cash $ 75 $ 60 Accounts Receivable 40 40 Inventories 90 Total Current Assets $205 25 $ 125 Long Term Property Plant Long Term Bank Loans $ 125 $ 150 200 Line of Credit 50 Lease Obligations Other Long Term Obligations Total Long Term Liabilities Equipment Less Deprecation Total Long Term Assets $ 525 250 25 (50) $ 225 $ 350 $ 730 Total Assets Total Liabilities OWNER EQUITY Paid In Capital Capital Stock Retained Earnings Total Owner Equity $ 200 100 80 $ 380 $ 730 Total Liabilities and Owner Equity $ 730 Total Assets