Hilton Worldwide Holdings, Inc. (HLT) and Marriott International, Inc. (MAR) are two of the largest hotel operators

Question:

Hilton Worldwide Holdings, Inc. (HLT) and Marriott International, Inc. (MAR) are two of the largest hotel operators in the world. Selected financial information from recent income statements for both companies follows (in millions):

a. Compute the times interest earned ratio for each company.
b. Which company appears to better protect creditor interest? Why?

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Related Book For answer-question

Financial And Managerial Accounting

ISBN: 9780357714041

16th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William Tayler

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Question Posted: Dec 07, 2022 12:28 AM

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Hilton Worldwide Holdings, Inc. (HLT) and Marriott International, Inc. (MAR) are two of the largest hotel operators

Question:

Operating income Interest expense Other income (expense) items Income before income tax expense Income tax expense Net income Hilton $1,657 (414) 1 $1,244 (358) $886 Marriott $1,800 (394) 193 $1,599 (326) $1,273

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a Times Interest Earned Income Before Income Tax Expense Interest Expense Inter...View the full answer

Financial And Managerial Accounting

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