Calculate net debt. Cash and cash equivalents 3,176.0 Short term borrowings 419.0 Long term borrowings 2,883.0 Commercial paper (liability) 331.0 Capital / finance lease 1,651.0 Accounts receivable 83.0 Total liabilities 17,308.0 Inventory 5.0

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented