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Marriott International, Inc. (MAR) and Hyatt Hotels Corporation (H) are two major owners and managers of lodging and resort properties in the United States. Abstracted

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Marriott International, Inc. (MAR) and Hyatt Hotels Corporation (H) 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 (in millions): The average liabilities, average stockholders' equity, and average total assets are as follows: 1. Calculate the following ratios for each year (Round ratios and percentages to one decimal place.) 2. Which of the following statements are correct? 1. Hyatt has a higher return on total assets, but Marriott has a higher return on stockholders' equity. 2. Hyatt has less leverage than Marriott. 3. The times interest earned ratio shows that Hyatt covers its interest charges better than Marriott; however, both companies do not have sufficient coverage. 4. Marriott's small equity value is due to its stock buyback program, which appears as treasury stock on its balance sheet. This amount significantly reduces Marriott's equity, contributing to the higher return on equity

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