Starwood Hotels Resorts Worldwide Inc is one of the
Starwood Hotels & Resorts Worldwide, Inc., is one of the world’s largest hotel and leisure companies. It conducts business both directly and through its subsidiaries, including the following hotel brands:
Sheraton, Four Points, W, Aloft, The Luxury Collection, Le Meridien, Element, Westin, and St. Regis. * Information adapted from the company’s recent annual statement of cash flows indicates the following investing and financing activities during that year (simplified, in millions of dollars):
a. Additional borrowing from banks $ 47
b. Purchase of investments 8
c. Sale of assets and investments (assume sold at cost) 294
d. Issuance of stock 70
e. Purchase and renovation of properties 385
f. Payment of debt principal 650
g. Receipt of principal payment on a note receivable 5

For each of these indicate whether the activity is investing (I) or financing (F) and the direction of the effects on cash flows (+ for increases cash; - for decreases cash).

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