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Marriott Corporation split into two companies: Host Marriott Corporation and Marriott International. Host Marriott retained ownership of the corporation's vast hotel and other properties,
Marriott Corporation split into two companies: Host Marriott Corporation and Marriott International. Host Marriott retained ownership of the corporation's vast hotel and other properties, while Marriott International, rather than owning hotels, managed them. The purpose of this split was to free Marriott International from the "baggage" associated with Host Marriott, thus allowing it to be more aggressive in its pursuit of growth. The following information (in millions) is provided for each corporation for their first full year operating as independent companies. Marriott Host Marriott International Sales revenue Net income $1,501 $8,415 (25) 200 Total assets 3,822 3,207 Total liabilities 3,112 2,440 Common stockholders' equity 710 767 (b) Calculate the debt to assets ratio for each company. (Round answers to 1 decimal place, e.g. 15.2%) Host Marriott Marriott International Debt to assets ratio 014 % 761 %
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