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3. Solvency Summary income statements and balance sheets are presented for three companies in the hotel and resort industry for fiscal year 2001 (in millions).
3. Solvency Summary income statements and balance sheets are presented for three companies in the hotel and resort industry for fiscal year 2001 (in millions). | |||||||||||||||||||||||
Income Statement | |||||||||||||||||||||||
Hilton | Marriott | Mandalay* | |||||||||||||||||||||
Revenues | 2,632 | 10,152 | 2,462 | ||||||||||||||||||||
COGS | 1,946 | 9,234 | 1,370 | ||||||||||||||||||||
Gross Profit | 686 | 918 | 1,092 | ||||||||||||||||||||
SG&A Expenses | 71 | 187 | 473 | ||||||||||||||||||||
Net Income | 166 | 236 | 53 | ||||||||||||||||||||
*Fiscal year ends (FYE) Jan. 02 | |||||||||||||||||||||||
Balance Sheet | |||||||||||||||||||||||
Hilton | Marriot | Mandalay | |||||||||||||||||||||
Cash & Market Securities | 35 | 817 | 106 | ||||||||||||||||||||
Receivables, net | 631 | 611 | 77 | ||||||||||||||||||||
Inventories | 148 | 96 | 31 | ||||||||||||||||||||
Total Current Assets | 996 | 2,130 | 267 | ||||||||||||||||||||
Fixed Assets, net | 3,986 | 2,930 | 3,050 | ||||||||||||||||||||
Total Assets | 8,785 | 9,107 | 4,037 | ||||||||||||||||||||
Total Current Liabilities | 902 | 1,802 | 309 | ||||||||||||||||||||
Total Liabilities | 7,002 | 5,629 | 3,097 | ||||||||||||||||||||
Total Equity | 1,783 | 3,478 | 941 | ||||||||||||||||||||
The following additional information is provided for fiscal year 2000 (in millions): | |||||||||||||||||||||||
Hilton | Marriott | Mandalay* | |||||||||||||||||||||
Inventory | $137 | $97 | $31 | ||||||||||||||||||||
Receivables, net | 435 | 728 | 78 | ||||||||||||||||||||
Working Capital | 194 | -502 | -10 | ||||||||||||||||||||
Fixed Assets, net | 3,911 | 3,011 | 3,237 | ||||||||||||||||||||
Total Assets | 9,140 | 8,237 | 4,248 | ||||||||||||||||||||
Total Equity | 1,642 | 3,267 | 1,069 | ||||||||||||||||||||
*FYE Jan. 02 Question 3
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