finance in hospitality

PART C: (40 marks) You are provided the following actual data of Blue Restaurant in 2022: F: Fixed expenses V: Variable expenses Assume in 2023 sales are forecasted to increase by 150 percent, fixed costs remain unchanged, and variable costs will remain at the same percentage of sales as experienced in the prior year. Required: 1. Calculate the following ratios in 2022: (a) Return on assets (ROA); (b) Return on Owner's Equ