Question
1. What is the quick ratio for a 161-room hotel that had total current assets of $304,817, current liabilities of $407,418, and the following current
1. What is the quick ratio for a 161-room hotel that had total current assets of $304,817, current liabilities of $407,418, and the following current asset composition: cash $218,409, accounts receivable $18,922, inventory $6,661, and prepaid expenses and other $60,825?
2. What is the net return on assets for a hotel that generated total revenue of $4,076,000 in 2006 based on total assets of $7,694,748? The propertys net income was $298,300 with a GOP of $1,892,900. In 2005, the hotel achieved total revenue of $3,864,000, and net income was $309,120 with a GOP of $1,159,200 based on total assets of $6,925,273.
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