can someone help me with a strong findings and conclusions with the attached info for Choice hotels. thanks

Soyles On 2-1-2018 The company acquired 100% of the issued and outstanding equity interest of Wood spring. At acquisition time woodspring franchised 239 economy extended stay hotels across U.S. States. The total consideration was 231.6 million which consisted of cash paid, net of cash acquired of 5231.3 million as well as abilities assumed of 0.4 million and a preliminary working capital adjustment of $0.1 million The increase in income before income taxes primarily reflects a $102.6 million increase in operating income, a $2.4 million increase in interest income, a $1.7 million increase in other gains, partially offset by a $5.0 million decrease in equity in net income) loss of affiliates. Property, plant and equipment, at cost, net refers to the sum of tangible fixed assets held/owned by the company which are valued at historical cost of the asset and less depreciation till date. From 2017-2018 it has increased by S44161 which could be due to purchase or addition of property, plant and equipment during the year. Treasury stock refers to previously outstanding stock that is bought back from stockholders by the issuing company. The result is that the total number of outstanding shares on the open market decreases. These shares are issued but no longer outstanding and are not included in the distribution of dividends or the calculation of earnings per share (LPS). In case of no treasury stock the value of total shareholder's equity would have been Common stock Additional paid-in-capital Retained earnings Total shareholders' deficit $951 $213,170.00 $795,178 $1,009,299.00 While the total amount of assets increased by 14.39% on a year on year basis from 2017 to 2018, we can see that the company's total current assets declined by 39.12% During the same period total current liabilities increased by 11.87% and this means that the company's current ratio declined. This is an indication of the company's deteriorating liquidity position may create working capital problems for the company in the future. The increase in revenues primarily reflects the implementation of new brand programs as well as an increase in the volume of business transacted with existing and new qualified vendors and strategic alliance The change in Depreciation and Amortization is due to the acquisition of WSIS on February 1, 2018. Amortization totaling S70 million was recorded related to the portion of the purchase price allocated to the contract asset acquisition costs. Type here to search 0 Le L . e 95 - 11/01/2018 2 find Calibri 11 A A A A E E B TUX, A2-AEEE [b copy 3 Format Painter Clipboard | cod| - Heading 2 1 Normal 1 No Spac.. Heading 1 Heading 3 Title Subtitle Subtle Em.. Dictate Replace Select Edoing Paragraph Styles The effective income tax rate for the year ended December 31, 2018 was lower than the U.S. federal income tax rate of 21.0% due to excess tax benefit from share based compensation and the impact of foreign operations, partially offset by the impact of state income taxes. Marketing and reservation system revenues. The company's franchise agreements require the payment of marketing and reservation system fees to provide marketing and reservation services such as advertising, providing a centralized reservation and property management system, providing reservation and revenue management services, and performing certain franchise services to support the operation of the overall franchise system. The most significant trend on my horizontal analysis over the 3 yr. period is the steady increase in net income/total revenue. As indicated by the numbers, it is obvious that the company has been on a steady path of profits over the 3 yrs. The aggregate purchase price was $29.0 million consisting of $28.7 million cash with additional $0.3 million of current liabilities assumed. In addition, the company incurred $0.5 million in acquisition related costs, which were expensed in the period The time interest earned ratio tells that in comparison of your total interest payment how much earnings are there are before interest payment. It appears that the firm can pay interest 7 times or 6 times. The market debt ratio tells that that debt exposure must not be above 25% of total exposure with equity and debt which is 0.02% which points to the firm being solvent. The net profit margin tells us that in comparison of total revenue how much net profit we earn, and its ideal ratio is above 8%. It appears that 20% and 12% was earned both years so the firm is earning enough profits. The last ratio tells about how much our inventory turnover ratio is there i.e. how many days we can convert our debtors into our cash and cash equivalents that is less than 50 day for ideal situation and in our case, it is 48 days that is better. O Type here to search 18/2019 E 1 Carburi 11 A A A A BIU**ADA E- AaBbc Heading 2 Bbccbd Aabend Aalb Alb 1 Normal 1 No Space Heading 1 Heading 3 M e Replace Title Subtitle Subtle Em Dictate Format Painter Styles Editing On 2-1-2018 The company acquired 100% of the issued and outstanding equity interest of Wood spring, At acquisition time woodspring franchised 239 economy extended stay hotels across U.S. States. The total consideration was 231.6 million which consisted of cash paid, net of cash acquired of $231.3 million as well as liabilities assumed of 0.4 million and a preliminary working capital adjustment of $0.1 million The increase in income before income taxes primarily reflects a $102.6 million increase in operating income, a $2.4 million increase in interest income, a $1.7 million increase in other gains, partially offset by a $5.0 million decrease in equity in net (income) loss of affiliates. Property, plant and equipment, at cost, net refers to the sum of tangible fixed assets held/owned by the company which are valued at historical cost of the asset and less depreciation till date. From 2017-2018 it has increased by 544161 which could be due to purchase or addition of property, plant and equipment during the year. Treasury stock refers to previously outstanding stock that is bought back from stockholders by the issuing company. The result is that the total number of outstanding shares on the open market decreases. These shares are issued but no longer outstanding and are not included in the distribution of dividends or the calculation of earnings per share (EPS). In case of no treasury stock the value of total shareholder's equity would have been Common stock Additional paid-in-capital Retained earnings Total shareholders' deficit $951 $213.170.00 $795,178 $1,009,299.00 While the total amount of assets increased by 14.39% on a year on year basis from 2017 to 2018, we can see that the company's total current assets declined by 39.12% During the same period total current liabilities increased by 11 87% and this means that the company's current ratio declined. This is an indication of the company's deteriorating liquidity position may create working capital problems for the company in the future. The increase in revenues primarily reflects the implementation of new brand programs as well as an increase in the volume of business transacted with existing and new qualified vendors and strategic alliance The change in Depreciation and Amortization is due to the acquisition of WSFS on February 1, 2018. Amortization totaling $7.0 million was recorded related to the portion of the purchase price allocated to the contract asset acquisition costs. 1 O Type here to search 91%) 44 12:54 PM 11/3/2019 Share OC X our th copy 3 Format Painter 21 o find Calibri 11 A A A A E BIU , ADA SE Fom AaBbc ABCD Abbcod AaBb6 AaBbcc AaB Aabbc ABC- Heading 2 1 Normal 1 No Space Heading 1 Heading 3 Title Subtitles Dictat Clipboard Paragraph Voice The effective income tax rate for the year ended December 31, 2018 was lower than the U.S. federal income tax rate of 21.0% due to excess tax benefit from share-based compensation and the impact of foreign operations, partially offset by the impact of state income taxes. Marketing and reservation system revenues. The company's franchise agreements require the payment of marketing and reservation system fees to provide marketing and reservation services such as advertising, providing a centralized reservation and property management system, providing reservation and revenue management services, and performing certain franchise services to support the operation of the overall franchise system. The most significant trend on my horizontal analysis over the 3 yr. period is the steady increase in net income/total revenue. As indicated by the numbers, it is obvious that the company has been on a steady path of profits over the 3 yrs. The aggregate purchase price was $29.0 million consisting of $28.7 million cash with additional $0.3 million of current liabilities assumed. In addition, the company incurred 0.5 million in acquisition related costs, which were expensed in the period The time interest earned ratio tells that in comparison of your total interest payment how much earnings are there are before interest payment. It appears that the firm can pay interest 7 times or 6 times The market debt ratio tells that that debt exposure must not be above 25% of total exposure with equity and debt which is 0.02% which points to the firm being solvent. The net profit margin tells us that in comparison of total revenue how much net profit we earn, and its ideal ratio is above It appears that 20% and 12% was earned both years so the firm is earning enough profits The last ratio tells about how much our inventory turnover ratio is there i, how many days we can convert our debtors into our cash and cash equivalents that is less than 50 day for ideal situation and in our case it 48 days that is better. 12:55 PM File Home Insert Share Comment Design Layout References Mailings Review Calon lesby AAA A EE SI X , A A E EE View Help Search E E 2015 AaBbc Rafbeen obed Aabba Abbod AaB Aalboch stod TE E B Heading 2 1 Normal 1 No Spa Heading Heading 2 Title Subtitle Subtle Em... Select Editing cleboard On 2-1-2018 The company acquired 100% of the issued and outstanding equity interest of Wood spring. At acquisition time woodspring franchised 239 economy extended stay hotels across US States. The total consideration was 231.6 million which consisted of cash paid, net of cash acquired of 5231.3 million as well as liabilities assumed of 4 million and a preliminary working capital adjustment of So. 1 million The increase in income before income taxes primarily reflects a $102.6 million increase in operating income, a $2.4 million increase in interest income, a $1.7 million increase in other gains, partially offset by a 55.0 million decrease in equity in net income) loss of affiliates. Property, plant and equipment, at cost, net refers to the sum of tangible fixed assets held/owned by the company which are valued at historical cost of the asset and less depreciation till date. From 2017-2018 it has increased by $44161 which could be due to purchase or addition of property, plant and equipment during the year. Treasury stock refers to previously outstanding stock that is bought back from stockholders by the issuing company. The result is that the total number of outstanding shares on the open market decreases. These shares are issued but no longer outstanding and are not included in the distribution of dividends or the calculation of earnings per share (EPS). In case of no treasury stock the value of total shareholder's equity would have been Common stock Additional paid-in-capital Retained earnings Total shareholders' deficit $951 $213.170.00 $795,178 $1,009,299.00 While the total amount of assets increased by 14.39% on a year on year basis from 2017 to 2018, we can see that the company's total current assets declined by 39.12% During the same period total current liabilities increased by 11 87% and this means that the company's current ratio declined. This is an indication of the company's deteriorating liquidity position may create working capital problems for the company in the future. The increase in revenues primarily reflects the implementation of new brand programs as well as an increase in the volume of business transacted with existing and new qualified vendors and strategic alliance The change in Depreciation and Amortiration is due to the acquisition of WSFS on february 1, 2018. Amortization totaling $7.0 million was recorded related to the portion of the purchase price allocated to the contract asset acquisition costs Type here to search 91%) 4640 12:57 PM 113/2019 AutoSave O OF File Home A 2 0 = MOULTRIEVPROJECT2EXECSUMREVISION - Insert Design Layout References Mailings Review View Help Search Comme Paste Copy Calibri (Body) 11 A A A A 21 A aBbc abba Abbcod AaBb Aa Bbcc AaB Aabed food Do BIU XX A P A E S E E Heading 2 1 Nomad No Spac. Heading 1 Heading Title Subtitle Sube 3 Format Painter Clipboard Paragraph Styles The effective income tax rate for the year ended December 31, 2018 was lower than the US federal income tax rate of 21.0% due to excess tax benefit from share-based compensation and the impact of foreign operations, partially offset by the impact of state income taxes. Share Find - te Replace Select- Marketing and reservation system revenues. The company's franchise agreements require the payment of marketing and reservation system fees to provide marketing and reservation services such as advertising, providing a centralized reservation and property management system, providing reservation and revenue management services, and performing certain franchise services to support the operation of the overall franchise system. The most significant trend on my horizontal analysis over the 3-yr. period is the steady increase in net income/total revenue. As indicated by the numbers, it is obvious that the company has been on a steady path of profits over the 3 yrs. The aggregate purchase price was $29.0 million consisting of $28.7 million cash with additional 50.3 million of current liabilities assumed. In addition, the company incurred 0.5 million in acquisition related costs, which were expensed in the period The time interest earned ratio tells that in comparison of your total interest payment how much earnings are there are before interest payment. It appears that the firm can pay interest 7 times or 6 times. The market debt ratio tells that that debt exposure must not be above 25% of total exposure with equity and debt which is 0.02% which points to the firm being solvent The net profit marrin tells us that in comparison of total revenge how much net profit we can, and its ideal ratio is above 8%, it appears that 20% and 12% was earned both years so the firm is earning enough of The last ratio tells about how much our inventory turnover ratio is there te how many days we can convert our debtors into our cash and cash equivalents that is less than 50 day for ideal situation and in our care 48 days that is better 128 PM 909 AGAT Soyles On 2-1-2018 The company acquired 100% of the issued and outstanding equity interest of Wood spring. At acquisition time woodspring franchised 239 economy extended stay hotels across U.S. States. The total consideration was 231.6 million which consisted of cash paid, net of cash acquired of 5231.3 million as well as abilities assumed of 0.4 million and a preliminary working capital adjustment of $0.1 million The increase in income before income taxes primarily reflects a $102.6 million increase in operating income, a $2.4 million increase in interest income, a $1.7 million increase in other gains, partially offset by a $5.0 million decrease in equity in net income) loss of affiliates. Property, plant and equipment, at cost, net refers to the sum of tangible fixed assets held/owned by the company which are valued at historical cost of the asset and less depreciation till date. From 2017-2018 it has increased by S44161 which could be due to purchase or addition of property, plant and equipment during the year. Treasury stock refers to previously outstanding stock that is bought back from stockholders by the issuing company. The result is that the total number of outstanding shares on the open market decreases. These shares are issued but no longer outstanding and are not included in the distribution of dividends or the calculation of earnings per share (LPS). In case of no treasury stock the value of total shareholder's equity would have been Common stock Additional paid-in-capital Retained earnings Total shareholders' deficit $951 $213,170.00 $795,178 $1,009,299.00 While the total amount of assets increased by 14.39% on a year on year basis from 2017 to 2018, we can see that the company's total current assets declined by 39.12% During the same period total current liabilities increased by 11.87% and this means that the company's current ratio declined. This is an indication of the company's deteriorating liquidity position may create working capital problems for the company in the future. The increase in revenues primarily reflects the implementation of new brand programs as well as an increase in the volume of business transacted with existing and new qualified vendors and strategic alliance The change in Depreciation and Amortization is due to the acquisition of WSIS on February 1, 2018. Amortization totaling S70 million was recorded related to the portion of the purchase price allocated to the contract asset acquisition costs. Type here to search 0 Le L . e 95 - 11/01/2018 2 find Calibri 11 A A A A E E B TUX, A2-AEEE [b copy 3 Format Painter Clipboard | cod| - Heading 2 1 Normal 1 No Spac.. Heading 1 Heading 3 Title Subtitle Subtle Em.. Dictate Replace Select Edoing Paragraph Styles The effective income tax rate for the year ended December 31, 2018 was lower than the U.S. federal income tax rate of 21.0% due to excess tax benefit from share based compensation and the impact of foreign operations, partially offset by the impact of state income taxes. Marketing and reservation system revenues. The company's franchise agreements require the payment of marketing and reservation system fees to provide marketing and reservation services such as advertising, providing a centralized reservation and property management system, providing reservation and revenue management services, and performing certain franchise services to support the operation of the overall franchise system. The most significant trend on my horizontal analysis over the 3 yr. period is the steady increase in net income/total revenue. As indicated by the numbers, it is obvious that the company has been on a steady path of profits over the 3 yrs. The aggregate purchase price was $29.0 million consisting of $28.7 million cash with additional $0.3 million of current liabilities assumed. In addition, the company incurred $0.5 million in acquisition related costs, which were expensed in the period The time interest earned ratio tells that in comparison of your total interest payment how much earnings are there are before interest payment. It appears that the firm can pay interest 7 times or 6 times. The market debt ratio tells that that debt exposure must not be above 25% of total exposure with equity and debt which is 0.02% which points to the firm being solvent. The net profit margin tells us that in comparison of total revenue how much net profit we earn, and its ideal ratio is above 8%. It appears that 20% and 12% was earned both years so the firm is earning enough profits. The last ratio tells about how much our inventory turnover ratio is there i.e. how many days we can convert our debtors into our cash and cash equivalents that is less than 50 day for ideal situation and in our case, it is 48 days that is better. O Type here to search 18/2019 E 1 Carburi 11 A A A A BIU**ADA E- AaBbc Heading 2 Bbccbd Aabend Aalb Alb 1 Normal 1 No Space Heading 1 Heading 3 M e Replace Title Subtitle Subtle Em Dictate Format Painter Styles Editing On 2-1-2018 The company acquired 100% of the issued and outstanding equity interest of Wood spring, At acquisition time woodspring franchised 239 economy extended stay hotels across U.S. States. The total consideration was 231.6 million which consisted of cash paid, net of cash acquired of $231.3 million as well as liabilities assumed of 0.4 million and a preliminary working capital adjustment of $0.1 million The increase in income before income taxes primarily reflects a $102.6 million increase in operating income, a $2.4 million increase in interest income, a $1.7 million increase in other gains, partially offset by a $5.0 million decrease in equity in net (income) loss of affiliates. Property, plant and equipment, at cost, net refers to the sum of tangible fixed assets held/owned by the company which are valued at historical cost of the asset and less depreciation till date. From 2017-2018 it has increased by 544161 which could be due to purchase or addition of property, plant and equipment during the year. Treasury stock refers to previously outstanding stock that is bought back from stockholders by the issuing company. The result is that the total number of outstanding shares on the open market decreases. These shares are issued but no longer outstanding and are not included in the distribution of dividends or the calculation of earnings per share (EPS). In case of no treasury stock the value of total shareholder's equity would have been Common stock Additional paid-in-capital Retained earnings Total shareholders' deficit $951 $213.170.00 $795,178 $1,009,299.00 While the total amount of assets increased by 14.39% on a year on year basis from 2017 to 2018, we can see that the company's total current assets declined by 39.12% During the same period total current liabilities increased by 11 87% and this means that the company's current ratio declined. This is an indication of the company's deteriorating liquidity position may create working capital problems for the company in the future. The increase in revenues primarily reflects the implementation of new brand programs as well as an increase in the volume of business transacted with existing and new qualified vendors and strategic alliance The change in Depreciation and Amortization is due to the acquisition of WSFS on February 1, 2018. Amortization totaling $7.0 million was recorded related to the portion of the purchase price allocated to the contract asset acquisition costs. 1 O Type here to search 91%) 44 12:54 PM 11/3/2019 Share OC X our th copy 3 Format Painter 21 o find Calibri 11 A A A A E BIU , ADA SE Fom AaBbc ABCD Abbcod AaBb6 AaBbcc AaB Aabbc ABC- Heading 2 1 Normal 1 No Space Heading 1 Heading 3 Title Subtitles Dictat Clipboard Paragraph Voice The effective income tax rate for the year ended December 31, 2018 was lower than the U.S. federal income tax rate of 21.0% due to excess tax benefit from share-based compensation and the impact of foreign operations, partially offset by the impact of state income taxes. Marketing and reservation system revenues. The company's franchise agreements require the payment of marketing and reservation system fees to provide marketing and reservation services such as advertising, providing a centralized reservation and property management system, providing reservation and revenue management services, and performing certain franchise services to support the operation of the overall franchise system. The most significant trend on my horizontal analysis over the 3 yr. period is the steady increase in net income/total revenue. As indicated by the numbers, it is obvious that the company has been on a steady path of profits over the 3 yrs. The aggregate purchase price was $29.0 million consisting of $28.7 million cash with additional $0.3 million of current liabilities assumed. In addition, the company incurred 0.5 million in acquisition related costs, which were expensed in the period The time interest earned ratio tells that in comparison of your total interest payment how much earnings are there are before interest payment. It appears that the firm can pay interest 7 times or 6 times The market debt ratio tells that that debt exposure must not be above 25% of total exposure with equity and debt which is 0.02% which points to the firm being solvent. The net profit margin tells us that in comparison of total revenue how much net profit we earn, and its ideal ratio is above It appears that 20% and 12% was earned both years so the firm is earning enough profits The last ratio tells about how much our inventory turnover ratio is there i, how many days we can convert our debtors into our cash and cash equivalents that is less than 50 day for ideal situation and in our case it 48 days that is better. 12:55 PM File Home Insert Share Comment Design Layout References Mailings Review Calon lesby AAA A EE SI X , A A E EE View Help Search E E 2015 AaBbc Rafbeen obed Aabba Abbod AaB Aalboch stod TE E B Heading 2 1 Normal 1 No Spa Heading Heading 2 Title Subtitle Subtle Em... Select Editing cleboard On 2-1-2018 The company acquired 100% of the issued and outstanding equity interest of Wood spring. At acquisition time woodspring franchised 239 economy extended stay hotels across US States. The total consideration was 231.6 million which consisted of cash paid, net of cash acquired of 5231.3 million as well as liabilities assumed of 4 million and a preliminary working capital adjustment of So. 1 million The increase in income before income taxes primarily reflects a $102.6 million increase in operating income, a $2.4 million increase in interest income, a $1.7 million increase in other gains, partially offset by a 55.0 million decrease in equity in net income) loss of affiliates. Property, plant and equipment, at cost, net refers to the sum of tangible fixed assets held/owned by the company which are valued at historical cost of the asset and less depreciation till date. From 2017-2018 it has increased by $44161 which could be due to purchase or addition of property, plant and equipment during the year. Treasury stock refers to previously outstanding stock that is bought back from stockholders by the issuing company. The result is that the total number of outstanding shares on the open market decreases. These shares are issued but no longer outstanding and are not included in the distribution of dividends or the calculation of earnings per share (EPS). In case of no treasury stock the value of total shareholder's equity would have been Common stock Additional paid-in-capital Retained earnings Total shareholders' deficit $951 $213.170.00 $795,178 $1,009,299.00 While the total amount of assets increased by 14.39% on a year on year basis from 2017 to 2018, we can see that the company's total current assets declined by 39.12% During the same period total current liabilities increased by 11 87% and this means that the company's current ratio declined. This is an indication of the company's deteriorating liquidity position may create working capital problems for the company in the future. The increase in revenues primarily reflects the implementation of new brand programs as well as an increase in the volume of business transacted with existing and new qualified vendors and strategic alliance The change in Depreciation and Amortiration is due to the acquisition of WSFS on february 1, 2018. Amortization totaling $7.0 million was recorded related to the portion of the purchase price allocated to the contract asset acquisition costs Type here to search 91%) 4640 12:57 PM 113/2019 AutoSave O OF File Home A 2 0 = MOULTRIEVPROJECT2EXECSUMREVISION - Insert Design Layout References Mailings Review View Help Search Comme Paste Copy Calibri (Body) 11 A A A A 21 A aBbc abba Abbcod AaBb Aa Bbcc AaB Aabed food Do BIU XX A P A E S E E Heading 2 1 Nomad No Spac. Heading 1 Heading Title Subtitle Sube 3 Format Painter Clipboard Paragraph Styles The effective income tax rate for the year ended December 31, 2018 was lower than the US federal income tax rate of 21.0% due to excess tax benefit from share-based compensation and the impact of foreign operations, partially offset by the impact of state income taxes. Share Find - te Replace Select- Marketing and reservation system revenues. The company's franchise agreements require the payment of marketing and reservation system fees to provide marketing and reservation services such as advertising, providing a centralized reservation and property management system, providing reservation and revenue management services, and performing certain franchise services to support the operation of the overall franchise system. The most significant trend on my horizontal analysis over the 3-yr. period is the steady increase in net income/total revenue. As indicated by the numbers, it is obvious that the company has been on a steady path of profits over the 3 yrs. The aggregate purchase price was $29.0 million consisting of $28.7 million cash with additional 50.3 million of current liabilities assumed. In addition, the company incurred 0.5 million in acquisition related costs, which were expensed in the period The time interest earned ratio tells that in comparison of your total interest payment how much earnings are there are before interest payment. It appears that the firm can pay interest 7 times or 6 times. The market debt ratio tells that that debt exposure must not be above 25% of total exposure with equity and debt which is 0.02% which points to the firm being solvent The net profit marrin tells us that in comparison of total revenge how much net profit we can, and its ideal ratio is above 8%, it appears that 20% and 12% was earned both years so the firm is earning enough of The last ratio tells about how much our inventory turnover ratio is there te how many days we can convert our debtors into our cash and cash equivalents that is less than 50 day for ideal situation and in our care 48 days that is better 128 PM 909 AGAT