Question: 5. Why can a hotel or restaurant operate with a lower current ratio than other types of businesses? 8. Define the term Profitability 10. Why

5. Why can a hotel or restaurant operate with a lower current ratio than other types of businesses?
8. Define the term Profitability
10. Why can asset book values be misleading when used in the Total Assets:Total Liabilities ratio?
14. Discuss the purpose of the quick ratio
17. Discuss the term financial leverage or trading on the equity.
18. List four possible operating ratios that could be used for food operations
19. List and discuss three operating ratios that could be used for rooms operations

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