1.What is the quick ratio for a 161 room hotel that had total current assets of $304,817, current liabilities of $407,418 and the following current asset composition: cash $218,409 accounts receivable $18,922, inventory $6,661 and prepaid expenses and other $60,825?
2. What is the net return on assets for a hotel that generated total revenues of $4,076,000 in 2006 based on total assets of $7,694,748? The property's net income was $298,300 with a GOP of $1,892,900. In 2005, the hotel achieved total revenue of $3,864,000 and net income was $309,120 with a GOP of $1,159,200 based on total assets of $6,925,273