Accounting Question
SuperClassThe following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of Marriott International Inc. for the 2008 fiscal year. (Certain amounts have been replaced with question marks to test your understanding of balance sheets). In addition, you're provided with the following information from an analysis of Marriott's financial position at the same date:
Current ratio
| 1.3296486
|
Acid-test ratio
| 0.4074220
|
Debt-to-equity ratio
| 5.4514493
|
Compute the missing amounts (rounded to the nearest $ in millions) in the Marriott balance sheet.
Assets
| |
Current Assets
| |
Cash and equivalent
| 134
|
Accounts and notes receivable
| ?
|
Inventory
| ?
|
Other
| 355
|
Total current assets
| ?
|
Property and equipment, net
| 1,443
|
Intangible assets, net
| ?
|
Investments
| 346
|
Notes and other receivable, net
| 988
|
Other
| 1,173
|
Total non-current assets
| ?
|
Total Assets
| ?
|
Liabilities and shareholder’s Equity
| |
Current liabilities
| |
Accounts payable
| 704
|
Accrued payables and accruals
| 1,196
|
Total current liabilities
| 2,533
|
Long-term debt
| ?
|
Total liabilities
| ?
|
Shareholder’s Equity:
| |
Class A common stock
| 5
|
Additional paid-in capital
| 3,590
|
Retained earnings
| 3,565
|
Treasury stock/and other
| (5,780)
|
Total Shareholder’s Equity
| 1,380
|
Total liabilities and shareholder’s Equity
| $8,903
|
10 years ago
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