using the financial statements of "Grand Hotel" compute the following (present formulas and computations): ratios with year

1. Working Capital 2. Current Ratio 3. Acid-Test Ratio 4. Accounts Receivable Turnover 5. Average Collection Period 6. Working Capital Turnover . Solvency Ratio (total Assets to total Liabilities) 8. Debt-Equity Ratio (total liabilities to total equity) 9. Times Interest Earned Ratio 10. Fixed Assets Turnover INCOME STATEMENTS Income Staterments Grand Hote For the yoars ended Decomber 31, 18X1 and 192 Total Revenue 18X2 19X1 $1,300,000 $1,352,000 780,000 810,000 145,000 Payroll and Related Costs Othor Direct Expenses Departmental Income 606,000 Food and Beverages Cost of Sales Payroll and Related Expenses Other Direct Expenses 148,000 180,000 48,000 43.400 Dopartmental Income Telephone 31,000 10,500 Cost of Sales Payroll and Related Expenses Depertmental Incomo Rentals and Other Income Revenue Others Direct Expenses Total Operated Departments Income 697,100 Undistributed Operating Expenses Administratve & Genera $1,800 67,500 Property Operetion&Maintonance Energy cosls Total Undistributed Operating Expenses Inoomo Before Flked Chargos 100 415,800 Property Taxes 24,000 Interest Total Flboed Chargos 158,500 171,000 Income Before Income Taxns Income Taxes Net Income 97,800 Baiance Sheets Balanoc Sheets Grand Hotel December 31,19X0, 19X1, 19x2 19X2 Current Assots Total Current Assets Loss: Acoumulated Depreclation 000.00 09,000.00 Total Assets LIABILITIES AND OWNERS EQUITY Current Portion of Long-Term Debt Total Current Liablitlies Long-Term Debt Deferred Inoome Taxes Total Long Term Debl 85,000.00 660,000.00 645,000.00 $ Owners' Equity 0 Pald-In Capital in Excess of Par 110,000.00 Total Liablities and Owners' Equilty 176