=+SA 17-4 Profitability and stockholder ratios Chapter 17 Financial Statement Analysis 815 Marriott International, Inc., and Hilton

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=+SA 17-4 Profitability and stockholder ratios Chapter 17 Financial Statement Analysis 815 Marriott International, Inc., and Hilton 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:

Marriott Hilton

(in millions) (in millions)

Operating profit before other expenses and interest $1,011 $1,274 Other income (expenses) 7 62 Interest expense (124) (498) ______ ______ Income before income taxes 894 838 Income tax expense 286 266 ______ ______ Net income $ 608 $ 572 ______ ______ ______ ______

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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