Pleasehelp with numbers provided in this problem

Snow Fanatics operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season.

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Read the requirements.

Requirement $1.$ If Snow Fanatics cannot reduce its costs, what profit will it earn? State your answer in dollars and as a percent of assets. Will investors be happy with the profi

Complete the following table to calculate Snow Fanatics' projected income.

Revenue at market price

More info

Less: Total costs

Operating income

Investors would like to earn a $10\%$ return on investment on the company's

$$270,000,000$ of assets. Snow Fanatics projects fixed costs to be $$31,000,000$ for the

ski season. The resort serves about $725,000$ skiers and snowboarders each season.

Variable costs are about $$12$ per guest. Last year, due to its favorable reputation,

Snow Fanatics was a price$-$setter and was able to charge $$4$ more per lift ticket than

its competitors without a reduction in the number of customers it received.

$($Round the percentage to the nearest hundredth percent, $x.xx\%.)$

Snow Fanatics's projected operating income $($profit$)$ as a percent of assets amounts to

Assume that Snow Fanatics' reputation has diminished and other resorts in the

vicinity are charging only $$88$ per lift ticket. Snow Fanatics has become a price$-$taker

and will not be able to charge more than its competitors. At the market price,

Snow Fanatics managers believe they will still serve $725,000$ skiers and

snPowboarders each season.

Will investors be happy with this profit level?

No$,$ because the expected profit level does not meet the investors' target return on assets.

Requirement $2.$ Assume Snow Fanatics has found ways to cut its fixed costs to $$29,500,000.$ What is its new target variable cost per skier$/$snowboarder$?$

Complete the following table to calculate Snow Fanatics' new target variable cost per customer. $($Round your final answer to the nearest cent.$)$

Revenue at market price

Less: Desired profit

$63800000$

Target full cost

Less: Reduced level of fixed costs

Target total variable costs

Divided by number of skiers $/$ snowboarders

Target variable cost per skier $/$ snowboarder