Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi i need help calculating the vertical analysis with the annual statements of the marriot from 2012 up to 2016, being 2012 the base year.

Hi i need help calculating the vertical analysis with the annual statements of the marriot from 2012 up to 2016, being 2012 the base year. Thank you. I would appreciate a brief description of how was calculated everything to understand the exercise.
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
MARRIOTT INTERNATIONAL, INC. CONSOLIDATED STATEMENTS OF INCOME Fiscal Years 2013, 2012, and 2011 (S in millions, except per share amounts) 368 Days Ended December 31 2013 364 Days Ended December 28 2012 364 Days Ended December 30, 2011 REVENUES Base management fees Franchise fees Incentive management fees ( Owned, leased, corporate housing, and other revenue Timeshare sales and services Cost reimbursements 621 S 581 S 607 232 989 602 506 195 1,083 1,088 8,843 12,317 256 950 10,291 12,784 9,405 11,814 OPERATING COSTS AND EXPENSES Owned, leased, and corporate housing-direct Timeshare-direct Timeshare strategy-impairment charges Reimbursed costs) General, administrative, and other 943 929 324 8,843 752 11,791 526 779 824 10,291 726 11,796 988 OPERATING INCOME Gains (losses) and other income Interest expense Interest income Equity in losses" INCOME BEFORE INCOME TAXES Provision for income taxes NET INCOME EARNINGS PER SHARE-Basic 9,405 645 10,874 940 42 (137) 17 (13) 849 (278) (164) (120) 23 897 (271) 626 S (13) 356 (158) 198 571 S Earnings per share 2.05 $ 1.77 S 0.56 EARNINGS PER SHARE-Diluted Earnings per share 2.00 1.72 S 0.55 See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related MARRIOTT INTERNATIONAL, INC. CONSOLIDATED STATEMENTS OF INCOME Fiscal Years 2013, 2012, and 2011 (S in millions, except per share amounts) 368 Days Ended December 31 2013 364 Days Ended December 28 2012 364 Days Ended December 30, 2011 REVENUES Base management fees Franchise fees Incentive management fees ( Owned, leased, corporate housing, and other revenue Timeshare sales and services Cost reimbursements 621 S 581 S 607 232 989 602 506 195 1,083 1,088 8,843 12,317 256 950 10,291 12,784 9,405 11,814 OPERATING COSTS AND EXPENSES Owned, leased, and corporate housing-direct Timeshare-direct Timeshare strategy-impairment charges Reimbursed costs) General, administrative, and other 943 929 324 8,843 752 11,791 526 779 824 10,291 726 11,796 988 OPERATING INCOME Gains (losses) and other income Interest expense Interest income Equity in losses" INCOME BEFORE INCOME TAXES Provision for income taxes NET INCOME EARNINGS PER SHARE-Basic 9,405 645 10,874 940 42 (137) 17 (13) 849 (278) (164) (120) 23 897 (271) 626 S (13) 356 (158) 198 571 S Earnings per share 2.05 $ 1.77 S 0.56 EARNINGS PER SHARE-Diluted Earnings per share 2.00 1.72 S 0.55 See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

How do you correct erroneous information in your credit file?

Answered: 1 week ago