1. The balance sheet of a hotel shows current assets of $1,816,556 and total assets of $8,404,850. Current liabilities are $1,694,000 and total liabilities are $2,655,000.What is the current ratio for the hotel?
2. The Wilson Club has annual sales(a;; on credit) of $10,000,000 a year. Assume its accounts receivable turnover is 8 times. What is the average collection period?
3. You are given the ending working capital for two consecutive years: Year 1 is $20,800, and Year 2 is $30,520. Sales revenue for Year 2 is $1,078,444. Calculate the working capital turnover ratio for Year 2.
4. The Balance sheet of a hotel shows current assets of $1,816,556 and total assets of $8,404,850. Current liabilities are $1,694,000 and total liabilities are $2,655,000. What is the solvency ratio for the hotel?