finance in hospitality

Ex 8-2: You are the new manager of the Duke Smyder Motel In order to better understand the motel's financial situation, you decide to examine the financial statements for the year just ended (20x4). The motel's balance sheet and condensed income statement are as follows: Required: Calculate the following ratios: 1. Current ratio. 2. Acid-test raty 3. Debt-equity ratio. 4. Profit margin. 5. Return on owners' equity cassume that the only change in ewners' equity during 20x4 is the net income of 165 . 100