FIN 220-ASSIGNMENT #2 (32 marks) Using the financial statements of Hal's Hotels Ltd., calculate the following financial ratios. Comment on whether the results are favorable (F) or unfavorable (U) compared to the industry averages provided. HAL'S HOTELS LTD. Balance Sheet December 31, 2021 ASSETS Current Assets: Cash Accounts Receivable (Net) Prepaid Insurance Inventory Total Current Assets Long-term Assets: Building (net) Total Assets LIABILITIES Current Liabilities: Accounts Payable Notes Payable Total Current Liabilities Long-term Liabilities: Bonds Payable Bank Loan Payable Total Long-term Liabilities SHAREHOLDERS' EQUITY Common Stock Retained Earnings Total Shareholders' Equity Total Liabilities & Shareholders' Equity $ 28,000 59,000 40,000 388,000 515,000 228,000 $743,000 $ 64,000 14,000 78,000 250,000 95,000 345,000 120,000 200,000 320,000 $743,000