Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

JTT Lodging Establishment's internal financial data are presented as follows: Using the internal financial data table, calculate the following ratios for JTT lodging establishment in

JTT Lodging Establishment's internal financial data are presented as follows:
Using the internal financial data table, calculate the following ratios for JTT lodging establishment in 2011 (to see assume that there are 365 days in a year and all food and beverage [F&B] outlets are open 365 days in a year): image text in transcribed
1. JTT Lodging Establishment's internal financial data are presented as follows: Financial Data Available Rooms Occupancy Percentage (Occ.%) Average Daily Rate (ADR) Total #of Guests Total Food Revenue Gross Operating Profit Total #of Food Plates Total #of Seats in Food and Beverage (F&B) Outlets Rooms Occupied by Two or More People 2010 24,400 72.00% $158.00 12,410 $806,650 $486,000 82,000 102 3,000 2011 24.400 81.00% $166.00 15,330 $1,287,720 $511,000 93,000 102 3,850 Using the internal financial data table, calculate the following ratios for JTT Lodging Establishment in 2011 (assume that there are 365 days in a year and all food and beverage (F&B] outlets are open 365 days in a year): a) Revenue per Available Room (RevPAR) b) Revenue per Available Customer (RevPAC) c) Gross Operating Profit per Room d) Average Food Service Check e) Average Guest Occupancy per Room Sold f) Multiple Occupancy g) Seat Turnover

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Principles and Applications

Authors: Sheridan Titman, Arthur Keown, John Martin

12th edition

133423824, 978-0133423822

More Books

Students also viewed these Finance questions