Marriott Нyatt $ 39 $ 677 Operating profit before other expenses and interest Other revenue (expenses) 54 118 (180) Interest expense (54) $ 551 $103 Income before income taxes Income tax expense 93 37 $ 458 $ 66 Net income Balance sheet information is as follows: Marriott Hyatt Total liabilities $7,398 $2,125 Total stockholders' equity Total liabilities and stockholders' equity 1,585 5,118 $8,983 $7,243 The average liabilities, average stockholders' equity, and average total assets are as follows: Marriott Нyatt $2,132 Average total liabilities Average total stockholders' equity $7,095 1,364 5,067 Average total assets 8,458 7,199
Marriott Нyatt $ 39 $ 677 Operating profit before other expenses and interest Other revenue (expenses) 54 118 (180) Interest expense (54) $ 551 $103 Income before income taxes Income tax expense 93 37 $ 458 $ 66 Net income Balance sheet information is as follows: Marriott Hyatt Total liabilities $7,398 $2,125 Total stockholders' equity Total liabilities and stockholders' equity 1,585 5,118 $8,983 $7,243 The average liabilities, average stockholders' equity, and average total assets are as follows: Marriott Нyatt $2,132 Average total liabilities Average total stockholders' equity $7,095 1,364 5,067 Average total assets 8,458 7,199
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 33BEB: The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as...
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Marriott International, Inc., and Hyatt Hotels Corporation are two major owners and managers of lodging and resort properties in the United States. Abstracted income statement information for the two companies is as follows for a recent year (in millions):
Please see the attachment for details:
1. Determine the following ratios for both companies, rounding ratios and percentages to one decimal place:
a. Return on total assets
b. Return on stockholders’ equity
c. Times interest earned
d. Ratio of total liabilities to stockholders’ equity
2. Based on the information in (1), analyze and compare the two companies’ solvency and profitability.
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