Please help with question #5

F A 12 Months Ended Horizontal Analysis Consolidated Balance Sheets- USD ($) $ in Thousands $ Change 2017 to 2018 % Change 2017 to 2018 Dec. 31, 2017 Dec. 31, 2018 Current assets -88.68% -$208,694.00 $235,336 $26,642 Cash and cash equivalents Receivables (net of allowance for doubtful accounts of $15,905 and $12,221, respectively) $12,148.00 $10,122.00 9.65% $125,870 $0 $138,018 $10,122 $36,759 $32,243 0.00% Income taxes receivable 177.30% $23,503.00 $13,256 Notes receivable, net of allowances $6,276.00 -$156,645.00 $44,161.00 $88,239.00 $170,696.00 $3,304.00 -$1,440.00 $25,210.00 $3,389.00 $16,685.00 $143,179.00 24.17% $25,967 $400,429 $83,374 $80,757 Other current assets -39.12 % $243,784 $127,535 $168,996 Total current assets 52.97% Property and equipment, at cost, net 109.26% Goodwill 169.86 % 4.12 % $100,492 $80,136| $20,838 $271,188 Intangible assets, net Notes receivable, net of allowances Investments, employee benefit plans, at fair value Investments in unconsolidated entities Deferred income taxes $83,440 -6.91 % $19,398 -18.78% $134,226 $109,016 $30,613 $84,400 12.45% $27,224 24.64% $67,715 Other assets 14.39 % $995,191 $1,138,370 Total assets Ratio Analysis Statement of Cash Flows Income Statement Balance Sheet 10-K Document Questions Instructions e 94% 99+ 0 Type here to search B C E Accounts payable Accrued expenses and other current liabilities Deferred Revenue Liability for guest loyalty program Current portion of long-term debt Total current liabilities $73,511 $92,651 $67,614 $83,566 $1,097 $318,439 $753,514 $110,278 $24,212 $26,276 $0 $52,327 $37,096 $1,322,142 $67,839 $84,315 $52,142 $79,123 $1,232 $284,651 $725,292 $98,459 $25,566 $29,041 $39 $48,701 $42,043 $1,253,792 $5,672.00 $8,336.00 $15,472.00 $4,443.00 -$135.00 $33,788.00 $28,222.00 $11,819.00 $1,354.00 $2,765.00 -$39.00 $3,626.00 -$4,947.00 $68,350.00 8.36% 9.89% 29.67% 5.62% -10.96 % 11.87% Long-term debt Long-term portion Deferred compensation and retirement plan obligations Income taxes payable Deferred income taxes 3.89% 12.00% -5.30% -9.52 % -100.00 % Liability for guest loyalty program Other liabilities Total liabilities Commitments and Contingencies Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at December 31, 2018 and December 31, 7.45% -1177.00 % 5.45% 2017; 55,679,207 and 56,679,968 shares outstanding at December 31, 2018 and December 31, 2017, respectively $0.00 $30,722.00 -$747.00 Ratio Analysis $951 $951 $213,170 $5,446 0.00% $182,448 16.84% Additional paid-in-capital Accumulated other comprehensive loss -$4,699 15.90% Statement of Cash Flows Income Statement Instructions 10-K Document Questions Balance Sheet e 94% Type here to search 994 Treasury stock, at cost; 39,386,431 and 38,385,670 shares at December 31, 2018 and December 31, 2017, respectively Retained earnings Total shareholders' deficit -$123,052.00 $167,906.00 $74,829.00 $143,179.00 -$1,064,573 $627,272 -$258,601 $995,191 11.56% $1,187,625 $795,178 -$183,772 $1,138,370 26.77% -28.94% 14.39 % Total liabilities and shareholders' deficit Questions: 1. Choice Hotels works with franchisees who operate hotels under one of the Choice Hotels' brands such as Cambria Hotels, Sleep Inn, and Econo Lodge. The Balance account called Property and equipment, at cost, net. What is Property and equipment, at cost, net and why was there a significant difference from 2017 to 2018? Property, plant and equipment, at cost, net refers to the sum of tangible fixed assets held/owned by the company which are valued at Ratio Analysis Statement of Cash Flows Balance Sheet Income Statement 10-K Document Questions Instructions e 94% Type here to search +66 Insert Prisc F12 F11 F10 F9 FB F7 F6 5. What is the most significant trend based on your horizontal analysis over this three-year period? Why? 2 3 74 75 76 77 78 79 80 Ratio Analysis Statement of Cash Flows Income Statement 10-K Document Questions Balance Sheet Instructions e 99+ Type here to search