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The LaSorda Inns condensed income statement for 20x3 and 20x4 is as follows: 20x3 20x4 Rood Revenue $3,450,000 $3,675,000 Room department expenses 1,450,000 1,500,000 Undistributed

The LaSorda Inns condensed income statement for 20x3 and 20x4 is as follows:

20x3

20x4

Rood Revenue

$3,450,000

$3,675,000

Room department expenses

1,450,000

1,500,000

Undistributed operating expenses

800,000

875,000

Gross operating profit

1,200,000

1,300,000

Insurance, property taxes, and depreciation

400,000

450,000

Interest expense

100,000

90,000

Income before income taxes

700,000

760,000

Income tases

210,000

228,000

Net income

$490,000

$532,000

The Lasorda Inn has 100 guestrooms only and its paid occupancy percentage was 78 percent and 80- percent for 20x3, respectively. Assume all rooms in the hotel were available for sale.

Q: Calculate the following for 20x3 and 20x4.

Profit margin

RevPAR

ADR

Operating efficiency ratio

Times interest earned ratio

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