You are the senior financial assistant in the accounting department of a large hotel chain, Lux Hotels (Lux). The board of directors of Lux is keen to further grow the company and has established ambitious targets for the coming years. In the short term, the directors are looking to invest in a boutique hotel chain and have asked you to evaluate potential options, Aster Hotels and Ivy Hotels. To this end, your manager has asked you to prepare a financial performance report for the two hotel chains. See below draft financial statements for both target companies.

You are the senior financial assistant in the accounting department of a large hotel chain, Lux Hotels (Lux). The board of directors of Lux is keen to further grow the company and has established ambitious targets for the coming years. In the short term, the directors are looking to invest in a boutique hotel chain and have asked you to evaluate potential options, Aster Hotels and Ivy Hotels. To this end, your manager has asked you to prepare a financial performance report for the two hotel chains. See below draft financial statements for both target companies.