The actual financial statements of Hilton Hotels, as presented in the company’s 2001 Annual Report, are contained in the Appendix (at the back of the textbook). LO13 Instructions Refer to Hilton’s financial statements and answer the following questions.

(a) What were Hilton’s total assets at December 31, 2001? At December 31, 2000?

(b) How much cash (and cash equivalents) did Hilton have on December 31, 2001?

(c) What amount of accounts payable did Hilton report on December 31, 2001? On December 31, 2000?

(d) What was Hilton’s total revenue in 2000? In 2001?

(e) What is the amount of the change in Hilton’s net income from 2000 to 2001?
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