Complete Problem P14.7 Letter A: Calculate at least 4 financial ratios. Next to each ratio analyze what the ratio means
Posted: Mon May 30, 2022 6:45 am
Complete Problem P14.7 Letter A: Calculate at least 4 financial ratios. Next to each ratio analyze what the ratio means for the resort.
I put all pages from the book and you can see the answer from the page of the book.
Interest 3,200 2,800 Depreciation 6,900 (69,900) 6,300 (75,300) Operating Income (before tax) $19,100 $ 25,800 Income tax (4,800) 6,400) Net Income $14,300 $ 19,400 Restoration Resort retained earnings statement: Year Ending Year Ending Dec. 31, 0006 Dec. 31, 0007 Retained earnings, beginning of year $10,900 $25,200 Add: net income for year 14,300 19,400 Retained earnings, end of year $25,200 $44,600 Sales revenue for the Year 0008 is estimated to be about 5% above Year 0007, primarily as a result of a price increase, rather than an occupancy increase. Operating expenses are estimated in total to be about 5% higher than in 0007. a. Given the balance sheet and income statements, calculate whatever fi- nancial ratios (see Chapter 4) you think are appropriate that will indi- cate the financial health of the Restoration Resort. b. List the information that you would like to have that is not shown on the financial statements, but would make it easier to carry out some fi- nancial projections as a preliminary step before going ahead with a complete feasibility study (see Chapter 13) for expansion.
Interest 3,200 2,800 Depreciation 6,900 (69,900) 6,300 (75,300) Operating Income (before tax) $19,100 $ 25,800 Income tax (4,800) 6,400) Net Income $14,300 $ 19,400 Restoration Resort retained earnings statement: Year Ending Year Ending Dec. 31, 0006 Dec. 31, 0007 Retained earnings, beginning of year $10,900 $25,200 Add: net income for year 14,300 19,400 Retained earnings, end of year $25,200 $44,600 Sales revenue for the Year 0008 is estimated to be about 5% above Year 0007, primarily as a result of a price increase, rather than an occupancy increase. Operating expenses are estimated in total to be about 5% higher than in 0007. a. Given the balance sheet and income statements, calculate whatever fi- nancial ratios (see Chapter 4) you think are appropriate that will indi- cate the financial health of the Restoration Resort. b. List the information that you would like to have that is not shown on the financial statements, but would make it easier to carry out some fi- nancial projections as a preliminary step before going ahead with a complete feasibility study (see Chapter 13) for expansion.
Interest 3,200 2,800 Depreciation 6,900 (69,900) 6,300 (75,300) Operating Income (before tax) $19,100 $ 25,800 Income tax (4,800) 6,400) Net Income $14,300 $ 19,400 Restoration Resort retained earnings statement: Year Ending Year Ending Dec. 31, 0006 Dec. 31, 0007 Retained earnings, beginning of year $10,900 $25,200 Add: net income for year 14,300 19,400 Retained earnings, end of year $25,200 $44,600 Sales revenue for the Year 0008 is estimated to be about 5% above Year 0007, primarily as a result of a price increase, rather than an occupancy increase. Operating expenses are estimated in total to be about 5% higher than in 0007. a. Given the balance sheet and income statements, calculate whatever fi- nancial ratios (see Chapter 4) you think are appropriate that will indi- cate the financial health of the Restoration Resort. b. List the information that you would like to have that is not shown on the financial statements, but would make it easier to carry out some fi- nancial projections as a preliminary step before going ahead with a complete feasibility study (see Chapter 13) for expansion.
Interest 3,200 2,800 Depreciation 6,900 (69,900) 6,300 (75,300) Operating Income (before tax) $19,100 $ 25,800 Income tax (4,800) 6,400) Net Income $14,300 $ 19,400 Restoration Resort retained earnings statement: Year Ending Year Ending Dec. 31, 0006 Dec. 31, 0007 Retained earnings, beginning of year $10,900 $25,200 Add: net income for year 14,300 19,400 Retained earnings, end of year $25,200 $44,600 Sales revenue for the Year 0008 is estimated to be about 5% above Year 0007, primarily as a result of a price increase, rather than an occupancy increase. Operating expenses are estimated in total to be about 5% higher than in 0007. a. Given the balance sheet and income statements, calculate whatever fi- nancial ratios (see Chapter 4) you think are appropriate that will indi- cate the financial health of the Restoration Resort. b. List the information that you would like to have that is not shown on the financial statements, but would make it easier to carry out some fi- nancial projections as a preliminary step before going ahead with a complete feasibility study (see Chapter 13) for expansion.
Interest 3,200 2,800 Depreciation 6,900 (69,900) 6,300 (75,300) Operating Income (before tax) $19,100 $ 25,800 Income tax (4,800) 6,400) Net Income $14,300 $ 19,400 Restoration Resort retained earnings statement: Year Ending Year Ending Dec. 31, 0006 Dec. 31, 0007 Retained earnings, beginning of year $10,900 $25,200 Add: net income for year 14,300 19,400 Retained earnings, end of year $25,200 $44,600 Sales revenue for the Year 0008 is estimated to be about 5% above Year 0007, primarily as a result of a price increase, rather than an occupancy increase. Operating expenses are estimated in total to be about 5% higher than in 0007. a. Given the balance sheet and income statements, calculate whatever fi- nancial ratios (see Chapter 4) you think are appropriate that will indi- cate the financial health of the Restoration Resort. b. List the information that you would like to have that is not shown on the financial statements, but would make it easier to carry out some fi- nancial projections as a preliminary step before going ahead with a complete feasibility study (see Chapter 13) for expansion.
Interest 3,200 2,800 Depreciation 6,900 (69,900) 6,300 (75,300) Operating Income (before tax) $19,100 $ 25,800 Income tax (4,800) 6,400) Net Income $14,300 $ 19,400 Restoration Resort retained earnings statement: Year Ending Year Ending Dec. 31, 0006 Dec. 31, 0007 Retained earnings, beginning of year $10,900 $25,200 Add: net income for year 14,300 19,400 Retained earnings, end of year $25,200 $44,600 Sales revenue for the Year 0008 is estimated to be about 5% above Year 0007, primarily as a result of a price increase, rather than an occupancy increase. Operating expenses are estimated in total to be about 5% higher than in 0007. a. Given the balance sheet and income statements, calculate whatever fi- nancial ratios (see Chapter 4) you think are appropriate that will indi- cate the financial health of the Restoration Resort. b. List the information that you would like to have that is not shown on the financial statements, but would make it easier to carry out some fi- nancial projections as a preliminary step before going ahead with a complete feasibility study (see Chapter 13) for expansion.
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Interest 3,200 2,800 Depreciation 6,900 (69,900) 6,300 (75,300) Operating Income (before tax) $19,100 $ 25,800 Income tax (4,800) 6,400) Net Income $14,300 $ 19,400 Restoration Resort retained earnings statement: Year Ending Year Ending Dec. 31, 0006 Dec. 31, 0007 Retained earnings, beginning of year $10,900 $25,200 Add: net income for year 14,300 19,400 Retained earnings, end of year $25,200 $44,600 Sales revenue for the Year 0008 is estimated to be about 5% above Year 0007, primarily as a result of a price increase, rather than an occupancy increase. Operating expenses are estimated in total to be about 5% higher than in 0007. a. Given the balance sheet and income statements, calculate whatever fi- nancial ratios (see Chapter 4) you think are appropriate that will indi- cate the financial health of the Restoration Resort. b. List the information that you would like to have that is not shown on the financial statements, but would make it easier to carry out some fi- nancial projections as a preliminary step before going ahead with a complete feasibility study (see Chapter 13) for expansion.
Interest 3,200 2,800 Depreciation 6,900 (69,900) 6,300 (75,300) Operating Income (before tax) $19,100 $ 25,800 Income tax (4,800) 6,400) Net Income $14,300 $ 19,400 Restoration Resort retained earnings statement: Year Ending Year Ending Dec. 31, 0006 Dec. 31, 0007 Retained earnings, beginning of year $10,900 $25,200 Add: net income for year 14,300 19,400 Retained earnings, end of year $25,200 $44,600 Sales revenue for the Year 0008 is estimated to be about 5% above Year 0007, primarily as a result of a price increase, rather than an occupancy increase. Operating expenses are estimated in total to be about 5% higher than in 0007. a. Given the balance sheet and income statements, calculate whatever fi- nancial ratios (see Chapter 4) you think are appropriate that will indi- cate the financial health of the Restoration Resort. b. List the information that you would like to have that is not shown on the financial statements, but would make it easier to carry out some fi- nancial projections as a preliminary step before going ahead with a complete feasibility study (see Chapter 13) for expansion.
Interest 3,200 2,800 Depreciation 6,900 (69,900) 6,300 (75,300) Operating Income (before tax) $19,100 $ 25,800 Income tax (4,800) 6,400) Net Income $14,300 $ 19,400 Restoration Resort retained earnings statement: Year Ending Year Ending Dec. 31, 0006 Dec. 31, 0007 Retained earnings, beginning of year $10,900 $25,200 Add: net income for year 14,300 19,400 Retained earnings, end of year $25,200 $44,600 Sales revenue for the Year 0008 is estimated to be about 5% above Year 0007, primarily as a result of a price increase, rather than an occupancy increase. Operating expenses are estimated in total to be about 5% higher than in 0007. a. Given the balance sheet and income statements, calculate whatever fi- nancial ratios (see Chapter 4) you think are appropriate that will indi- cate the financial health of the Restoration Resort. b. List the information that you would like to have that is not shown on the financial statements, but would make it easier to carry out some fi- nancial projections as a preliminary step before going ahead with a complete feasibility study (see Chapter 13) for expansion.
Interest 3,200 2,800 Depreciation 6,900 (69,900) 6,300 (75,300) Operating Income (before tax) $19,100 $ 25,800 Income tax (4,800) 6,400) Net Income $14,300 $ 19,400 Restoration Resort retained earnings statement: Year Ending Year Ending Dec. 31, 0006 Dec. 31, 0007 Retained earnings, beginning of year $10,900 $25,200 Add: net income for year 14,300 19,400 Retained earnings, end of year $25,200 $44,600 Sales revenue for the Year 0008 is estimated to be about 5% above Year 0007, primarily as a result of a price increase, rather than an occupancy increase. Operating expenses are estimated in total to be about 5% higher than in 0007. a. Given the balance sheet and income statements, calculate whatever fi- nancial ratios (see Chapter 4) you think are appropriate that will indi- cate the financial health of the Restoration Resort. b. List the information that you would like to have that is not shown on the financial statements, but would make it easier to carry out some fi- nancial projections as a preliminary step before going ahead with a complete feasibility study (see Chapter 13) for expansion.
Interest 3,200 2,800 Depreciation 6,900 (69,900) 6,300 (75,300) Operating Income (before tax) $19,100 $ 25,800 Income tax (4,800) 6,400) Net Income $14,300 $ 19,400 Restoration Resort retained earnings statement: Year Ending Year Ending Dec. 31, 0006 Dec. 31, 0007 Retained earnings, beginning of year $10,900 $25,200 Add: net income for year 14,300 19,400 Retained earnings, end of year $25,200 $44,600 Sales revenue for the Year 0008 is estimated to be about 5% above Year 0007, primarily as a result of a price increase, rather than an occupancy increase. Operating expenses are estimated in total to be about 5% higher than in 0007. a. Given the balance sheet and income statements, calculate whatever fi- nancial ratios (see Chapter 4) you think are appropriate that will indi- cate the financial health of the Restoration Resort. b. List the information that you would like to have that is not shown on the financial statements, but would make it easier to carry out some fi- nancial projections as a preliminary step before going ahead with a complete feasibility study (see Chapter 13) for expansion.
Interest 3,200 2,800 Depreciation 6,900 (69,900) 6,300 (75,300) Operating Income (before tax) $19,100 $ 25,800 Income tax (4,800) 6,400) Net Income $14,300 $ 19,400 Restoration Resort retained earnings statement: Year Ending Year Ending Dec. 31, 0006 Dec. 31, 0007 Retained earnings, beginning of year $10,900 $25,200 Add: net income for year 14,300 19,400 Retained earnings, end of year $25,200 $44,600 Sales revenue for the Year 0008 is estimated to be about 5% above Year 0007, primarily as a result of a price increase, rather than an occupancy increase. Operating expenses are estimated in total to be about 5% higher than in 0007. a. Given the balance sheet and income statements, calculate whatever fi- nancial ratios (see Chapter 4) you think are appropriate that will indi- cate the financial health of the Restoration Resort. b. List the information that you would like to have that is not shown on the financial statements, but would make it easier to carry out some fi- nancial projections as a preliminary step before going ahead with a complete feasibility study (see Chapter 13) for expansion.