Posted: July 14th, 2016
Marriott International, Inc., and Wyndham Worldwide Corporation are two major owners and managers of lodging and resort properties in the United States. Abstracted income statement information for the two companies is as follows for a recent year:
x Marriott Wyndham
x (in millions) (in millions)
Operating profit before other expenses and interest $695 $718
Other income (expenses) 36 12
Interest expense (180) (167)
Income before income taxes $551 $563
Income tax expense 93 184
Net income $458 $379
Balance sheet information is as follows:
x Marriott Wyndham
x (in millions) (in millions)
Total liabilities $7,398 $6,499
Total stockholders’ equity 1,585 2,917
Total liabilities and stockholders’ equity $8,983 $9,416
The average liabilities, stockholders’ equity, and total assets were as follows:
x Marriott Wyndham
x (in millions) (in millions)
Average total liabilities ,095 $6,582
Average total stockholders’ equity 1,363 2,802
Average total assets 8,458 9,384
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