1.What is the quick ratio for a 161 room hotel that had total current assets of $304,817,...
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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
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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