Section 3. For this section, it is important that you show your work to get FULL CREDIT 45. A restaurant firm has a debt to equity ratio of 1, $480,000 in total liabilities, $840,000 in total assets, and net income of $21,000. Calculate return on asset. 46. A hotel has 150 rooms. In 2020, the hotel sold 40,000 rooms. Room sales was $9,700,000, Net income was $850,000. Calculate Beypar: 47. The accountant at stillwater Inn analyzes only significant budget variances on a monthly basis. The criteria used to determine if the budget variances are significant are as follows: Significance criteria Revenue variances Fixed expense variances Variable expenses variances Significant if a variance is larger than.. $5,000 and 2 percent $1000 and 1% $500 and 3 percent Page 8 of 9