Hotels Classified by Price Would Include

question 24

Multiple Choice

Hotels classified by price would include:

• A)city, resort, airport and freeway
• B)luxury, all-suite, economy and budget
• C)full-service, mid-scale, extended stay and limited service
• D)spa, convention, casino and B&B

---

Definitions:

Return On Total Assets

A financial ratio that indicates how effectively a company is using its assets to generate profit, measured by dividing net income by total assets.

Earnings Per Share

This is a financial ratio that measures the amount of net income earned per share of stock owned.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in generating sales from its assets, calculated by dividing total revenue by average total assets.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in utilizing its assets to generate sales or income, calculated by dividing net sales by the average total assets.