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Hilton Hotels Corporation provides lodging services around the world. The

Hilton Hotels Corporation provides lodging services around the world. The company is separated into three major divisions:

Question:

â€¢ Hotel Ownership: Hotels owned and operated by Hilton.

â€¢ Managing and Franchising: Hotels franchised to others or managed for others.

â€¢ Timeshare: Resort properties managed for timeshare vacation owners.

Financial information for each division, from a recent annual report, is as follows (in millions):

Hilton Hotels Corporation provides lodging services around the world. The company

a. Use the DuPont formula to determine the return on investment for each of the Hilton business divisions. Round whole percent's to one decimal place and investment turnover to one decimal place.
b. Determine the residual income for each division, assuming a minimum acceptable income of 14% of total assets. Round minimal acceptable return to the nearest million dollars.
c. Interpret yourresults.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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Hotel Ownership $2,215 Managing and Franchising $1,510 2,112 Timeshare $421 Revenues Income from operations Total assets 394 343 4,825 507

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22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Jul 17, 2012 07:36 AM

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Hilton Hotels Corporation provides lodging services around the world. The company is separated into three major divisions:

Question:

Hotel Ownership $2,215 Managing and Franchising $1,510 2,112 Timeshare $421 Revenues Income from operations Total assets 394 343 4,825 507

Step by Step Answer:

a Hotel Managing b Ownership Franchising Timeshare Income from operations 394 343 99 Minimum return ...View the full answer

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