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income i a yeal whch 0 ALTERNATE MULTI-CONCEPT PROBLEMS LO Problem 2-10A Making Business Decisions: Loaning Money to Starwood Hotels & Resorts Worldwide, Inc. As

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income i a yeal whch 0 ALTERNATE MULTI-CONCEPT PROBLEMS LO Problem 2-10A Making Business Decisions: Loaning Money to Starwood Hotels & Resorts Worldwide, Inc. As chief lending officer for a bank, you need to decide whether to make a loan to Starwood Hotels & Resorts Worldwide, Inc. The current items, listed in alphabetical order, are taken from the consolidated balance sheets of Starwood Hotels & Resorts Worldwide, Inc., and its competitor Hyatt Hotels Corporation and Subsidiaries at the end of 2011 and 2010 (included in the companies' Form 10-Ks for the years ended December 31, 2011; all amounts are in millions of dollars): 0 Starwood Hotels&Resorts Worldwide, Inc. 12/31/11 12/31/10 Accounts payable Accounts receivable, net of allowance for doubtful accounts $ 144 $138 of $46 and $45, respectively Accrued expenses Accrued salaries, wages and benefits Accrued taxes and other Cash and cash equivalents 569 1,177 375 163 454 513 1,104 410 377 753 Continued)

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