Question: What is the net return on assets for a hotel that generated total revenue of $4,076,000 in 2016 based on total assets of $7,694,748? The
What is the net return on assets for a hotel that generated total revenue of $4,076,000 in 2016 based on total assets of $7,694,748? The property's net income was $298,300 with a GOP of $1,892,900. In 2015, the hotel achieved total revenue of $3,864,000, and net income was $309,120 with a GOP of $1,159,200 based on total assets of $6,925,273. Your answer needs to be converted to %. You do not need to include $ or % sign in your answer.
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