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Marriott International, Inc., and Hvatt Hotels Corporation are two major owners and managers of lodging and resort properties in the United States. Abstracted income statement

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Marriott International, Inc., and Hvatt 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: Hyatt (in millions) Marriott (in millions) Operating profit before other expenses and interest Other income (expenses) Interest expense Income before income taxes $677 39 54 118 (180) $55 (54) Income tax expense Net income 93 $458 37 $66 587 tement Analysis ect inner Statement of financial position information is as follows: Hyatt (in millions) Marriott (in millions) $2,125 5,118 $7.398 1,585 $8,983 Total liabilities Total shareholders' equity Total liabilities and shareholders' equity $7,243 The average liabil ities, average shareholders' equity, and average total assets we follows: vere as Hyatt (in millions) Marriott (in millions) Average total liabilities Average total shareholders' equity Average total assets $7,095 $2,132 5,067 1,364 7,199 8,458 1. Determine the following ratios for both companies (round to one decimal place after the whole percent) on total assets a. Rate earned b. Rate eamed on shareholders' equity c. Number of times interest charges are earned shareholders' equity d. Rado of liabilities to Analyse and compare the two 2. 1 companies, using the information in (1)

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