What is your assessment of Vail Resort's financial performance over the 2015 - 2017 period? (Use the financial ratios in the Appendix of the text as a guide in doing your financial analysis.)

PLEASE SHOW ALL CALCULATIONS!!!!!!!!

PLEASE SHOW ALL CALCULATIONS!!!!!!!!!

!!! Apy Meal olube Maps us 436 AN 2016 2015 EXHIBIT 7 Trends in Selected Financial Data Vall Resorts, Inc., 2000-2018 Fiscal Year Ended July 31: (in Millions except where indicated) 2018 2017 Statement of Operations: Revenue From Mountain $ 1,7229 $ 1.611.8 $ 1,304.6 $ 1.104.0 From Lodging 284.6 278.5 274.6 254.6 From Real Estate 4.0 16.9 22.1 41.3 Total Revenue 2.0116 1.907.2 1.601.3 1.400.0 Operating Expenses (excl. D&A) For Mountain 1.132.8 1.047.3 881.5 777.1 For Lodging 259.6 251.4 246.4 232.9 Mam Bus Business Aa 24.1 24.6 48.4 3.5 4 For Real Estate 1.396.0 1,322.8 1.152.5 1,058.4 $ 615.6 Total Operating Expenses Net Operating Income Gross Operating Margin $ 584.4 $ 448.8 $ 341.6 34.2% For Mountain 35.0% 32.4% 29.6% For Lodging 8.8% 9.7% 10.3% 8.5% For Real Estate 12.5% (42.6)% (11.3) (17.2)% $ 149.8 $ 114.8 Net Income $ 380.0 $ 231.7 Annual Capital Expenditures (Operations) $ 141 $ 144 S 109 $ 124 Cash Flows Net Cash From Operations $ 551.6 $ 473.2 $ 437,0 S 303.7 Net Cash Increase/Decrease 60.8 49.5 32.4 (8:9) M Gma Youtube Maps BUS 436 Business Balance Sheet Data Total Assets $ 4,065.0 S 4.110.7 $ 2.482.0 $2,487.3 1.272.7 1,272.4 700.3 Long Term Debt 814.5 1,589.4 Stockholders' Equity 1.571.2 874.5 866.6 CEO Monetized Compensation (salary + other comp, in S000) Adam Aron, CEO (1997-2007) Rob Katz, CEO (2007-present) $ 7.995.0 $5.828.6 $6.153.7 $5.344.4 $250 Average Stock Price Per Share $185 $152 S105 Cash Dividend Per Share $5.05 $3.73 $2.87 $2.0: Source: Vail Resorts Annual 10-K reports, 2000-2018