Question: 1. The LaSorda Inn's condensed income statement for 20x3 and 20x4 is as follows: Rood Revenue Room department expenses Undistributed operating expenses Gross operating

1. The LaSorda Inn's condensed income statement for 20x3 and 20x4 is as follows: Rood Revenue Room department

1. The LaSorda Inn's condensed income statement for 20x3 and 20x4 is as follows: Rood Revenue Room department expenses Undistributed operating expenses Gross operating profit Insurance, property taxes, and depreciation Interest expense Income before income taxes Income tases Net income 20x3 20x4 $3,450,000 $3,675,000 1,450,000 1,500,000 800,000 875,000 1,200,000 1,300,000 400,000 450,000 100,000 90,000 700,000 760,000 210,000 228,000 $490,000 $532,000 The Lasorda Inn has 100 guestrooms only and its paid occupancy percentage was 78 percent and 80- percent for 20x3, respectively. Assume all rooms in the hotel were available for sale. Q: Calculate the following for 20x3 and 20x4. 1) Profit margin 2) RevPAR 3) ADR 4) Operating efficiency ratio 5) Times interest earned ratio

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