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

  

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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 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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