Marriott International Inc. (MAR) and Hilton Wordwide Holdings Inc. (HLT) operate hotels worldwide. The following data (in

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Marriott International Inc. (MAR) and Hilton Wordwide Holdings Inc. (HLT) operate hotels worldwide. The following data (in millions) were adapted from recent financial statements of Marriott and Hilton.

Marriott Hilton Sales (revenue) $22,894 $9,140 Average property, plant, and equipment Average intangible assets 2,064 347 17,440 11,449

1. Compute the asset turnover for Marriott and Hilton. Round to two decimal places.
2. Comment on the asset turnover results from part (1).

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Survey Of Accounting

ISBN: 9780357132593

9th Edition

Authors: Carl S. Warren, Amanda Farmer

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Question Posted: Sep 25, 2020 07:15 AM

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Marriott International Inc. (MAR) and Hilton Wordwide Holdings Inc. (HLT) operate hotels worldwide. The following data (in

Question:

Marriott Hilton Sales (revenue) $22,894 $9,140 Average property, plant, and equipment Average intangible assets 2,064 347 17,440 11,449

Step by Step Answer:

1 The asset turnovers are summarized below from highest to lowest Asset ...View the full answer

Survey Of Accounting

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