2. The Elegant Dump Inn has the below results for the month of August: Rooms Sold:...

Transcribed Image Text:

2. The Elegant Dump Inn has the below results for the month of August: Rooms Sold: 3441 Occupancy %: 74% ADR: $220 Profit Margin: 12% How many rooms does the hotel have? How much Revenue was generated in August? What was the Rev PAR? How much net income was generated in August? 3. The Elegant Dump Inn has the below ratios: Return on Equity: 10% Total Asset Turnover: 1.5 Profit Margin: 5% Total Assets are $5,000,000 and the numbers on the balance sheet have remained constant for the last 2 years. What are the Inn's annual sales? What are the Inn's net income? What is the amount of the Inn's total debt (liabilities)? 2. The Elegant Dump Inn has the below results for the month of August: Rooms Sold: 3441 Occupancy %: 74% ADR: $220 Profit Margin: 12% How many rooms does the hotel have? How much Revenue was generated in August? What was the Rev PAR? How much net income was generated in August? 3. The Elegant Dump Inn has the below ratios: Return on Equity: 10% Total Asset Turnover: 1.5 Profit Margin: 5% Total Assets are $5,000,000 and the numbers on the balance sheet have remained constant for the last 2 years. What are the Inn's annual sales? What are the Inn's net income? What is the amount of the Inn's total debt (liabilities)?

Answer rating: 100% (QA)

To calculate the number of rooms Occupancy Rooms Sold Total Number ... View the full answer