Question: P4.6 In addition to the information given in Problem 4.5, an income statement for the hotel for Year 0005 is available: Sales revenue $851,800 Operating

P4.6 In addition to the information given in Problem 4.5, an income statement for the hotel for Year 0005 is available:

Sales revenue $851,800 Operating costs (7 For Year 0005, calculate the following:

a. Gross return on assets

b. Net return on assets

c. Number of times interest is earned

d. Net income to revenue ratio; discuss hotel profitability

e. Return on stockholders’ equity; discuss hotel profitability

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