Hilton Worldwide Holdings, Inc. (HLT) and Marriott International, Inc. (MAR) are two of the largest hotel operators
Question:
a. Compute the times interest earned ratio for each company. Round to one decimal place.
b. Which company appears to better protect creditor interest? Why?
Transcribed Image Text:
Hilton $1,861 (587) (19) $1,255 (891) $ 364 Marriott Operating income Interest expense Other income (expense) items Income before income tax expense Income tax expense Net income $1,368 (234) 50 $1,184 (404) $ 780
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (18 reviews)
a b The times interest earned ratio is 31 for Hilton and 61 for Marriott Using ...View the full answer
Answered By
Hassan Ali
I am an electrical engineer with Master in Management (Engineering). I have been teaching for more than 10years and still helping a a lot of students online and in person. In addition to that, I not only have theoretical experience but also have practical experience by working on different managerial positions in different companies. Now I am running my own company successfully which I launched in 2019. I can provide complete guidance in the following fields. System engineering management, research and lab reports, power transmission, utilisation and distribution, generators and motors, organizational behaviour, essay writing, general management, digital system design, control system, business and leadership.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Corporate Financial Accounting
ISBN: 9781337398169
15th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Business questions
-
Hilton Hotels Corporation and Marriott International provide hospitality services. Hilton Hotels well-known brands include Hilton, Doubletree, Hampton Inn, Embassy Suites, Red Lion Hotels and Inns,...
-
A recent annual report of Hilton Hotels and Marriott International provided the following occupancy data for two recent years: Year 2 Year 1 Hilton...
-
Hilton Hotels Corporation and Marriott International provide hospitality services. Hilton Hotels well-known brands include Hilton, Doubletree, Hampton Inn, Embassy Suites, Red Lion Hotels and Inns,...
-
Why do joints tend to be evenly spaced rather than clustered?
-
Sinise Industries acquired two copyrights during 2019. One copyright related to a textbook that was developed internally at a cost of 9,900. This textbook is estimated to have a useful life of 3...
-
Determine the magnitude and orientation, measured clockwise from the positive x axis, of the resultant force of the three forces acting on the bracket. Given: F1 = 80 lb F2 = 150 lb F3 = 52lb θ...
-
What elements are generally included in an EDP system?
-
Jo Birde established an insurance agency on March 1, 2013, and completed the following transactions during March: a. Opened a business bank account in the name of Birde Insurance Inc., with a deposit...
-
Consider the functions given by f(x) = 5-(x-1)2 and g(x)=4-x. a. Use algebra to find the points where the graphs of and g intersect. b. Sketch an accurate graph of and g on the axes provided,...
-
Star Videos, Inc., produces short musical videos for sale to retail outlets. The company's balance sheet accounts as of January 1 are given below. Because the videos differ in length and in...
-
Jacob Patterson is limited from making a fully deductible $5,500 IRA contribution because of his income limitation. Instead, he makes a $3,500 nondeductible IRA contribution to his traditional IRA....
-
Aeropostale, Inc. (ARO) is a specialty fashion retailer targeting young adults. The income before income tax expense and interest expense for four recent years follow (in millions): a. Compute the...
-
As the manager of the accounts receivable department for Beavis Leather Goods, Ltd., you recently noticed that Kelly Collins, your accounts receivable clerk who is paid $2,500 per month, has been...
-
Explain the significance and impact of a major historical event on the cultural, social, and economic aspects of the society during the time period. Analyze how this event shaped the course of...
-
Describe what is involved in the chemical and food processing industries Discuss major manufacturing processes and their relation to sustainability. Evaluate and describe different methods for...
-
Jolie Foster Care Homes Incorporated shows the following data: Year 20X1 Net Income $ 155,000 Total Assets $ 2,390,000 20X2 191,000 2,700,000 20X3 208,000 2,730,000 20X4 192,000 2,470,000...
-
a. Assume that Bangor Co. (a U.S. firm) knows that it will have cash inflows of $950,000 from domestic operations, cash inflows of 220,000 Swiss francs resulting from exports to Swiss operations, and...
-
Discuss the and define in two to three sentences. structure of water How is water a good solvent How water facilitates chemical reactions How water moderates temperature Source: There are three...
-
Evaluate the following limits. 1 lim -i Vx - 1
-
Akramin just graduated with a Master of Engineering in Manufacturing Engineering and landed a new job in Melaka with a starting salary of RM 4,000 per month. There are a number of things that he...
-
Indicate whether each of the following types of transactions will either (a) Increase stockholders equity or (b) Decrease stockholders equity: 1. Issuing capital stock in exchange for cash. 2....
-
Indicate whether each of the following types of transactions will either (a) Increase stockholders equity or (b) Decrease stockholders equity: 1. Issuing capital stock in exchange for cash. 2....
-
From the following list of selected items taken from the records of Hoosier Appliance service as of a specific data, identify those that would appear on the balance sheet. 1. Accounts Receivable 2....
-
A couple obtained a $20,000 mortgage loan at an interest rate of 10.5% compounded monthly. (Original principal equals to PV of all payments discounted at the interest rate on the loan contract) (1)...
-
What strategies and tactics are employed to manage strategic risks and uncertainties, including geopolitical instability, supply chain disruptions, and emerging competitive threats, while preserving...
-
How do strategic planners integrate ethical considerations and sustainability imperatives into strategic planning processes, balancing short-term financial objectives with long-term societal and...
Study smarter with the SolutionInn App