Write a memorandum describing Majestic's operating characteristics compared to the industry average insofar as you can tell from the statistics. Do these analytical procedures identify any areas that could represent potential misstatements in the audit?

The Majestic Hotel, East Apple, New Jersey, compiles operating statistics on a calendar-year basis. Hotel statistics, below, were provided by the controller, A. J. Marcello, for 2013. The parallel column contains industry average statistics obtained from the National Hotel Industry Guide. The Majestic Hotel, East Apple, New Jersey, compiles operating statistics on a calendar-year basis. Hotel statistics, below, were provided by the controller, A. J. Marcello, for 2013. The parallel column contains industry average statistics obtained from the National Hotel Industry Guide