Question
Please answer the following Questions: 1.What is the quick ratio for a 161 room hotel that had total current assets of $304,817, current liabilities of
Please answer the following Questions:
1.What is the quick ratio for a 161 room hotel that had total current assets of $304,817, current liabilities of $407,418 and the following current asset composition: cash $218,409 accounts receivable $18,922, inventory $6,661 and prepaid expenses and other $60,825?
2. What is the net return on assets for a hotel that generated total revenues of $4,076,000 in 2006 based on total assets of $7,694,748? The property's net income was $298,300 with a GOP of $1,892,900. In 2005, the hotel achieved total revenue of $3,864,000 and net income was $309,120 with a GOP of $1,159,200 based on total assets of $6,925,273
3. What is the solvency ratio for a hotel that had current assets of $207,000, current liabilities of $185,000 total assets of $1050,000, owners equity of $400,000 and total liabilities and owners equity of $1050,000?
4. What is the number of times interest earned for a hotel that had a gross operating profit of $21,150 per avaliable room? The hotel had the following fixed charges on a per avaliable romm basis: management fees $1803, rent, $2404, property taxes $1482, insurance $256, interest $4621, depreciation and amortization $3980, and other fixed charges $726.
5. What is the relative growth differencce in rooms revenue for a 205 room hotel that experinced an occupancy in 2006 of 80.4% and 82.7% in 2005? The hotel achieved an average room rate in 2006 of $198.36 and $179.55 in 2005.
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