The Surf and Sand Inn's condensed income statement for 20X6 and 20X7 is as follows: Room...

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The Surf and Sand Inn's condensed income statement for 20X6 and 20X7 is as follows: Room Revenue Room department expenses Undistributed operating expenses Gross operating profit Insurance, property taxes, and depreciation Interest expense Income before income taxes Income taxes Net income 20X6 20X7 $3,500,000 $3,750,000 1,550,000 1,650,000 775,000 785,000 1,175,000 1,315,000 400,000 425,000 100,000 95,000 675,000 795,000 278,250 516,750 236,250 438,750 The Surf and Sand Inn has 100 guestrooms only and its paid occupancy percentage was 78 percent and 80 percent for 20X6 and 20X7, respectively. Assume all rooms in the hotel were available for sale. Required: 1. Calculate Gross Operating Profit Margin for each year Post your response here, show your work 2. Calculate REVPAR for each year Post your response here, show your work. 3. Calculate Occupied Rooms for each year Post your response here, show your work 4. Calculate GOPAR for each year. Post your response here, show your work 5. Calculate the Operating Efficiency Ratio for each year Post your response here, show your work 6. Calculate Times Interest Earned for each year Post your response here, show your work The Surf and Sand Inn's condensed income statement for 20X6 and 20X7 is as follows: Room Revenue Room department expenses Undistributed operating expenses Gross operating profit Insurance, property taxes, and depreciation Interest expense Income before income taxes Income taxes Net income 20X6 20X7 $3,500,000 $3,750,000 1,550,000 1,650,000 775,000 785,000 1,175,000 1,315,000 400,000 425,000 100,000 95,000 675,000 795,000 278,250 516,750 236,250 438,750 The Surf and Sand Inn has 100 guestrooms only and its paid occupancy percentage was 78 percent and 80 percent for 20X6 and 20X7, respectively. Assume all rooms in the hotel were available for sale. Required: 1. Calculate Gross Operating Profit Margin for each year Post your response here, show your work 2. Calculate REVPAR for each year Post your response here, show your work. 3. Calculate Occupied Rooms for each year Post your response here, show your work 4. Calculate GOPAR for each year. Post your response here, show your work 5. Calculate the Operating Efficiency Ratio for each year Post your response here, show your work 6. Calculate Times Interest Earned for each year Post your response here, show your work

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1Gross Operating Profit Margin Gross Operating Profit Room Revenue For 20X6 Gross Operating Profit M... View the full answer