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Marriott International, Inc., and Wyndham Worldwide 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:x Marriott Wyndham x (in millions) (in millions) Operating profit before other expenses and interest $695 $718 Other income (expenses) 36 12 Interest expense (180) (167) Income before income taxes $551 $563 Income tax expense 93 184 Net income $458 $379 Balance sheet information is as follows:x Marriott Wyndham x (in millions) (in millions) Total liabilities $7,398 $6,499 Total stockholders' equity 1,585 2,917 Total liabilities and stockholders' equity $8,983 $9,416 The average liabilities, stockholders' equity, and total assets were as follows:x Marriott Wyndham x (in millions) (in millions) Average total liabilities $7,095 $6,582 Average total stockholders' equity 1,363 2,802 Average total assets 8,458 9,384 1. Determine the following ratios for both companies (round to one decimal place after the whole percent):a. Rate earned on total assetsb. Rate earned on total stockholders' equityc. Number of times interest charges are earnedd. Ratio of liabilities to stockholders' equity2. Analyze and compare the two companies, using the information in (1).
Carla and Eliza share income equally. During the current year the partnership net income was $40,000. Carla made withdrawals of $12,000 and Eliza made withdrawals of $17,000. At the beginning of the year, the capital account balances were: Carla c..
What is the definition of being self-employed? What distinguishes a self-employed individual from an employee? Why is this distinction important? Explain.
For the month of March, the company planned for activity of 5,700 units, but the actual level of activity was 5,660 units. The actual selling and administrative expense for the month was $522,860.
The equipment will provide cost savings of $7,300 and will be depreciated straight-line over its useful life with no salvage value. Cleaners, Inc. requires a 10% rate of return. What is the approximate net present value of this investment?
For the year ended December 31, Laramie Industries has a depreciation expense per its tax return greater than its financial statement tax expense, and had recorded warranty expense
It has also issued long-term bonds at an interest rate of 7 percent. It pays tax at a marginal rate of 35 percent.a. What is Omega's after-tax WACC?
Based on the formulas you have reviewed, what happens to contribution margin per unit when unit selling prices increase? Illustrate your explanation with an example from a fictitious company of how an increase in unit selling prices might affect cont..
Calculate the income recognized by Edwards under the percentage-of-completion method of accounting in each of the years 2012, 2013, 2014.
Weaver Company's predetermined overhead rate is $18.00 per direct labor-hourand its direct labor wage rate is $12.00 per hour.
Explain generally accepted accounting principles applied to the health care industry and how they are applied to your Operating Budget Projection.
What amount of Bad Debt Expense would the company record as an end-of-period adjustment?
Assuming that the company has retained earnings of $85,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive.
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