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Calculate the average unlevered (asset) beta in both the hotel industry and fast food industry. Which one is riskier? 1987 Arithm Equity Market Beta Average

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Calculate the average unlevered (asset) beta in both the hotel industry and fast food industry. Which one is riskier?

1987 Arithm Equity Market Beta Average Leverage Revenues billion Return 41% 1.11 6.52 Marriott 22.40% 1330% 0.76 14% Hilton Hotels 0.77 -6840% 0.89 69% 0.17 La Quinta 1.36 65% 11.70% 0.75 Ramada Church's Fried -3.20% 1.45 4% 0.39 30% 1.45 106 0.57 ins Foods 0.57 Luby's 0.76 22.50% 094 2306 489 McDonald S 4.60% 1.32 21% 1.05 Wendy's

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