Follow arke ests ome Investors would like to earn a 10% return on investment on the company's $260,900,000 of assets. Mount Snows projects fixed costs to be $30,000,000 for the ski season. The resort serves about 710,000 skiers and snowboarders each season. Variable costs are about $12 per guest. Last year, due to its favorable reputation, Mount Snows was a price-setter and was able to charge $5 more per lift ticket than its competitors without a reduction in the number of customers it received. Assume that Mount Snows' reputation has diminished and other resorts in the vicinity are charging only $86 per lift ticket. Mount Snows has become a price-taker and will not be able to charge more than its competitors. At the market price, Mount Snows managers believe they will still serve 710,000 skiers and snowboarders each season. Print Done Mount Snows operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season click the icon to view the information) Read the requirements Requirement 1. If Mount Snows cannot reduce its costs, what profit will it eam? State your answer in dollars and as a percent of assets. Will investors be happy with the profit level? Complete the following table to calculate Mount Snows' projected income. Revenue at market price Less: Total costs Operating income Enter any number in the edit fields and then click Check Answer ? 3 parts Clear All Check Answer remaining