ning department has supplied you with the following information concerning Consumption by employees (free of charge) Food inventory turnover Tota Long-term debt 1. Return on assets & Debt-equity ratio Problem 17 June and July: The Hodges, a 300-room hotel, has provided you with the following data for the months of Cosen Hotel is a 250-room facility with several profit centers. The hotel is open w the year, and generally about 2 percent of the rooms are being repaired or T 960 rooms and experienced an average occupancy per room of 1.32 people. all times, therefore, assume that they are unavailable for sale. During 20X1, the June July Single rooms sold 2,400 2,418 Double rooms sold 4,200 4,278 Room revenue $396,000 $339,000 Number of paid guests 9,900 9,910 on 1. Compute the following for June and July: 2 Paid occupancy percentage b. Multiple occupancy percentage c Average number of guests per double room sold (assume that only one guest stayed in each single room sold) d Monthly ADR Monthly RevPAR Was the Hodges' financial performance better in June or July? (Assume that fixed costs were constant and that the variable costs per room sold remained constant. Support your answer with detailed discussion.) Problem 18 Required: department Ending inventory Cost of sales Food cost percentage $35,000 5,000 312,000 40 percent 10 times