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1.What is the number of times interest earned for a hotel that had a gross operating profit of $21,150 per available room? The hotel had

1.What is the number of times interest earned for a hotel that had a gross operating profit of $21,150 per available room? The hotel had the following fixed charges on a per available room basis: management fees $1,803, rent $2,404, property taxes $1,482, insurance $256, interest $4,621, depreciation and amortization $3,980, and other fixed charges $726.

Round your answer to two decimal points.

# of time interest earned = ___ times

2. What is the relative growth difference in rooms revenue for a 205-room hotel that experienced an occupancy in 2006 of 80.4% and 82.7% in 2005? The hotel achieved an average room rate in 2006 of $198.36 and $179.55 in 2005.

Round your answer (%) to one decimal point.

Relative growth difference = ___ %

3.What is the total liabilities to total assets ratio if a hotel had current assets of $73,370, and total assets of $839,400? The propertys current liabilities totaled $62,700 and its equity totaled $263,900.

Round your answer to three decimal points.

TL to TA ratio = ___

4.What is the price earning ratio for a hotel chain with 9 full service properties? The chains total revenue for 2008 was $79,238,000; the departmental expenses were 33,343,000; undistributed operating expenses were $17,345,000; rent, property taxes & insurance totaled $3,040,000; interest & depreciation expenses were $4,823,000; income tax was $6,206,000. The hotels had common shares outstanding at the beginning of the year 9,000,000 shares and at the end of the year 12,000,000 shares. The hotels average market price over the year was $23.12 per share.

Round your answer to two decimal points.

P/E ratio = ___

What is the fixed asset turnover of Y2008 for a 731-room downtown hotel that recorded total revenues of $34,076,753 in Y2008 and $35,650,873 in Y2007? The 5.property on its balance sheet had fixed assets in Y2008 of $26,800,000 and $22,750,000 in Y2007.

Round your answer to two decimal points.

Fixed asset turnover = ___ times.

6.What is a hotels operating cash flow to current liabilities, if the property recorded in 2006 an operating cash flow of $9,418,717? The propertys total liabilities in 2006 were $9,450,000 of which 38.6% were current. In 2005, the hotels total liabilities were $8,900,000 of which 34.2% were current.

Round your answer to three decimal points.

operating cash flow to current liabilities = ___

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