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Hotel ABC Hotel DEF Hotel GHI Hotel JKL Information from the income statement: Total Revenue $10,009,000 $3,816,000 $428,806 $1,227,550 Total Expenses 9,503,000 3,618,000 354,461 1,822,748
Hotel ABC Hotel DEF Hotel GHI Hotel JKL Information from the income statement: Total Revenue $10,009,000 $3,816,000 $428,806 $1,227,550 Total Expenses 9,503,000 3,618,000 354,461 1,822,748 Information from the balance sheet: Current Assets 1,946,000 1,020,000 62,629 526,549 Total Assets 8,668,000 8,183,000 262,388 3,783,127 Current Liabilities 2,356,000 895,000 101,091 693,809 Total Liabilities 4,587,000 5,944,000 456,411 3,089,318 Total Number of Common Stock Outstanding 225,800 389,000 32,312 168,238. Calculate the return on equity
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