Question: I attached the problems I need help on here. They are under the charts above. Thanks. [7-8] The LaSorda Inn's condensed income statement for 2013

I attached the problems I need help on here. They are under the charts above. Thanks.

I attached the problems I need help on here. They are under

[7-8] The LaSorda Inn's condensed income statement for 2013 and 2014 is as follow. Calculate the number of times interest earned ratio for 20x3 and 20x4. . 20X3 20X4 Room Revenue $3,450,000 $3,675,000 Room department expenses 1,450,000 1500,000 Undistributed operating expenses 800,000 875,000 Gross operating profit 1,200,000 13001100 Fixed charges 400,000 450,000 Net operating income 800,000 850,000 Interest expense 100,000 90,000 Income before taxes 700,000 760300 Income taxes 210,000 228,000 Net income sw sm 7. Calculate the number of times interest earned ratio for 20x3 8. Caiculate the number of times interest earned ratio for 20x4. [9-101 You are the new manager of the Duke Snyder Motel. in order to better understanddtzzxdteih: financial simm' ; decide to examine the financial statements for the year Just ende ( . fx ' more" bai j d condensed income statement are as follows: ' i Pr: , 515001000 mm! ' 375300 now) 161000 mm mm 5 (mm"me inn cemmenced operations on January 1, 20X1, and has been operating for two mm , you are the new assrstant manager and desire to gain some insight into the inn's umm. Baiance sheets and condensed income statements for the first two years are as W Balance Sheets Mantle hm Duounhzr 31 , ZOXI and 20X2 Lim; 20X1 zoxz Why; m 5 moon 5 15,000 mm gamma 0- 50,000 MW 55,000 some am 10,000 12,000 When 75,000 137,000 W mm) mama (mi 1,950,000 1,900,000 We & Equipmuu (net) 240,000 200,000 Gr Equipment 2,290,000 2,200@ MW sz,365,000 52,337,000 Wihhflmm 5 53min 'i 60,W Was: 1.300,000 1,250,000 1,355,000 1,3I0,000 W' cm mgm 1,000,000 1,000,000 mm M 27,000 Won-mw Equity M 1,027,000 "memo SM Cmdensed income Statements Mantle Inn am tim years ended December 31, 20X1 and 20x2 1029 2.02 51,200,000 51,400.000 ammo J-qgggg 530,000 700,000 ammo 400,000 200,000 300,000 185,000 200,000 5,000 45,000 5 10,000 $ 55,000 '. mm the current ratio for 20x1. . Wan mn current ratio for 20X2.13. Calculate the solvency ratio for 20x1. " 14. Calculate the solvency ratio for 20x2. IRRENT ASSETS Cash z'xccounts Rccciu'abk- Food Inwnhory Supplies Invenmiy Prepaid Expm "Fatal Current m

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