2019 2020 1,524,800 46,942 80,000 407.948 67,008 15,858 16,000 2,400 2,160,956 1,348,260 40,076 S0,000 368,272 62,062 16,200 14,000 1,200 1,900,070 Assets Current Assets Cash Credit card receivables Marketable securities Accounts Receivables Food inventory Beverage inventory Supplies inventory Prepaid Insurance Total current assets Fixed assets Land Building Less: Accumulated depreciation building Equipment Less: Accumulated depreciation equipmer Furniture and fixtures Less: Accumulated depreciation equipmnet Total fixed assets Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts payable Accrued expenses Uncanned revenues Current portion of mortgage payable Total current liabilities Long term liabilities Mortgage payable Less: current portion of mortgage payable Total Liabilities Shareholders' equity Cornaron shares Retained earnings Total Shareholders equity Total Liabilities and Shareholders' equity 6,000,000 6,000,000 2,300,000 4,000,000 2,800,000 2,000,000 1,850,000 11,050,000 13,210,956 6,000,000 6,000,000 2,400,000 4,000,000 3,300,000 2,000,000 1.900.000 10,400,000 12,300,070 182,000 120,000 44,000 GOO,000 946,000 168,000 100,000 38,000 640,000 946,000 8,500,000 GO0,000 8,846,000 7,900,000 640,000 8,206,000 3,400,000 964,956 4,364,956 13,210.956 3,200,000 894,070 4,094,070 12,300,070 Please use the provided statements for Hotel to perform the following ratios (in a proper format) for the year 2020 (Please show your work and round your results to one decimal place) a. Average credit card receivables collection period (comment on the result from the management's perspective) (4 marks) b. Accounts receivables as a percentage of accounts receivable revenue (2 marks) C. Accounts receivables turnover ratio (2 marks) d. Average accounts receivables collection period (comment on the result from the management's perspective) (4 marks) e. Total liabilities to total assets ratio (2 marks) 2019 2020 15, 396, 461 5,444,411 1,874, 200 1,761,815 24 476,887 13,266,625 4,279,750 1.597,640 1.752 253 20,896,268 Note: 70% of revenue is in form of Credit Cards 20% of revenue is in the form of Accounts Receivables 10% of revenue is in the form of Cash 1.742,211 412,324 2,154,535 22, 222,352 1,455,115 399,410 1,854,525 19,041,743 Revenues Rooms Food Beverage Other Total Revenue Cost of sales Food Beverage Total Cost of Sales Gross Profit Undistributed Operating Expenses Marketing and sales Adminstrative and General Property Operations and Maintenance Engergy costs Total Undistributed Operating expenses Operating expenses Payroll Employee benefits Supplies expense Credit card fees Other operating expenses Total operating expenses Gross operating profit Eixed Charves Property taxes insurance Deprecation expense Interest expense Total Fixed Charges Income before tax Income tax Net profit 97G SOO 2,461,878 803,815 120,000 4,362,193 908,292 2,422,766 780,250 116000 4,227,308 8,811,679 704,934 307,929 538,491 4,GIB 938 14. 98 1,971 2,978, 188 7.940,582 Gas 247 265,332 522,407 3.979.987 13,343,555 1,470,880 180,000 B0,000 200,000 182.000 642,000 2,336,188 I, LOI 1,819,587 180,000 80.000 200,000 170,800 630,000 340,080 184,818 655,262