Marriott International Inc. and Hilton Hotels Corp. are two major owners and managers of lodging and resort
Question:
Marriott International Inc. and Hilton Hotels Corp. 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:
Balance sheet information is as follows:
The average liabilities, stockholders’ equity, and total assets were as follows:
1. Determine the following ratios for both companies (round to the nearest two digits after the whole percent):
a. Rate earned on total assets
b. Rate earned on total stockholders’ equity
c. Number of times interest charges are earned
d. Ratio of liabilities to stockholders’ equity
2. Analyze and compare the two companies, using the information in(1).
Step by Step Answer:
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess