Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Please use the blank form on the right to answer. The hotel is near Borough Market. It is a charming hotel set in the heart

image text in transcribed

image text in transcribed

image text in transcribed

Please use the blank form on the right to answer.

The hotel is near Borough Market. It is a charming hotel set in the heart of London. It is conveniently located by the Thames River in the bustling and lively South Bank Area. The ibis Styles London Southwark is the perfect base from which to explore the English capital's most notable sights including the Tate Modern, London Eye, Tower Bridge and the financial district. Each of the 114 guestrooms featured at the ibis Styles London Southwark Hotel are fitted with airconditioning, LCD SKY TV, refreshment facilities, laptop safes, ironing appliances, and complimentary Wi-Fi internet. Larger suites are additionally equipped with elegant living rooms and sleek mini-kitchens. The Ibis Styles London Southwark houses a delicious restaurant which serves breakfast each morning as well as a sumptuous lunch and evening menu. Guests can also relax and enjoy a drink in the trendy cocktail bar while watching sports on the plasma TV. The hotel's executive lounge is a state-of-the-art centre with 60-person conference facilities, internet, fax, and photocopying machines. Task 2: Critically analyse The ibis Styles Southwark Hotel limited performance using ratio analysis over the period 2020 to 2021 . For both years, calculate 10 ratios and comment on the changes that arises. (ML02). \begin{tabular}{|l|r|c|c|} \hline \multicolumn{3}{|c|}{ Income statement } \\ \hline Sales & & 2020 & 2021 \\ \hline Gross profit & 3 & 308,897 & 548,455 \\ \hline Administrative expenses & & 308,897 & 548,455 \\ \hline Operating profit & & 944,977 & 933,657 \\ \hline Interest expenses & 7 & 165703 & 385,202 \\ \hline Loss before taxes & 4 & 801,783 & 106525 \\ \hline Taxes on loss & 8 & 160,461 & 491,727 \\ \hline Net profit & & 641,322 & 326,324 \\ \hline \end{tabular}

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

Understanding Letter Of Credit Learners Guide To Letter Of Credit

Authors: Nisha S Koshal

1946822078, 978-1946822079

More Books

Students explore these related Accounting questions