The balance sheets of GLOBAL Hotel are shown for the years 2010 amd 2011.

Using the balance sheet and additional information, calculate the following solvency ratios for GLOBAL Hotel for 2011.

Questions 1. The balance sheets of GLOBAL Hotel are shown for the years 2010 and 2011. Cash Short-Term Investments Accounts Receivable Inventories TOTAL CURRENT ASSETS Equipment and Furniture Building Less Accumulated Depreciation TOTAL NET FIXED ASSETS TOTAL ASSETS Accounts Payable Short-Term Loan Accrued Expense Payable Total Current Liabilities Mortgage Long-Term Loan TOTAL LONG-TERM LIABILITIES TOTAL LIABILITIES Common Stock Retained Earnings TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 2010 $10,000.00 $50,000.00 $20,000.00 $30,000.00 $110,000.00 $110,000.00 $220,000.00 $(40,000.00) $290,000.00 $400,000.00 $15,000.00 $40,000.00 $5,000.00 $60,000.00 $80,000.00 $60,000.00 $140,000.00 $200,000.00 $150,000.00 $50,000.00 $200,000.00 $400,000.00 2011 $15,000.00 $70,000.00 $15,000.00 $45,000.00 $145,000.00 $130,000.00 $220,000.00 $(50,000.00) $300,000.00 $445,000.00 $20,000.00 $40,000.00 $10,000.00 $70,000.00 $80,000.00 $80,000.00 $160,000.00 $230,000.00 $150,000.00 $65,000.00 $215,000.00 $445,000.00 ADDITIONAL INFORMATION Total Revenue Earnings Before Interest and Taxes (EBIT) Interest Expense Operating Cash Flows Cost of Goods Sold 2010 $500,000.00 $200.000.00 $98.000.00 $221,000.00 $70,000.00 2011 $600,000.00 $230,000.00 $103,000.00 $243,000.00 $243,000.00 Using the balance sheet and additional information, calculate the following solvency ratios for GLOBAL Hotel for 2011. a) Solvency ratio b) Debt to equity ratio c) Debt to total assets ratio d) Interest coverage ratio e) Operating cash flows to total liabilities ratio f) Inventory turnover g) Total asset turnover