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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

1. The LaSorda Inns condensed income statement for 20x3 and 20x4 is as follows:
20x3:Room Revenue$3,450,000Room department expenses1,450,000Undistributed operating expenses800,000Gross operating profit1,200,000Insurance, property taxes, and depreciation400,000Interest expense100,000Income before income taxes700,000Income taxes210,000Net income$490,000
20x4Room Revenue$3,675,000Room department expenses1,500,000Undistributed operating expenses875,000Gross operating profit1,300,000Insurance, property taxes, and depreciation450,000Interest expense90,000Income before income taxes760,000Income taxes228,000Net income$532,000
The Lasorda Inn has 100 guestrooms only and its paid occupancy percentage was 78 percent and 80- percent for 20x3, respectively. Assume all rooms in the hotel were available for sale.
Q: Calculate the following for 20x3 and 20x4: Profit Margin, Rev Par, ADR, Operating efficiency ration, times interest earned ratio

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