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1 . The LaSorda Inns condensed income statement for 2 0 x 3 and 2 0 x 4 is as follows: 2 0 x 3
The LaSorda Inns condensed income statement for x and x is as follows:
x:Room Revenue$Room department expensesUndistributed operating expensesGross operating profitInsurance, property taxes, and depreciationInterest expenseIncome before income taxesIncome taxesNet income$
xRoom Revenue$Room department expensesUndistributed operating expensesGross operating profitInsurance, property taxes, and depreciationInterest expenseIncome before income taxesIncome taxesNet income$
The Lasorda Inn has guestrooms only and its paid occupancy percentage was percent and percent for x respectively. Assume all rooms in the hotel were available for sale.
Q: Calculate the following for x and x: Profit Margin, Rev Par, ADR, Operating efficiency ration, times interest earned ratio
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