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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	$7,095	$6,582
Average total stockholders’ equity	1,363	2,802
Average total assets	8,458	9,384

1. Determine the following ratios for both companies (round to one decimal place after the whole percent): a. Rate earned on total assets b. Rate earned on total stockholders’ equity c. Number of times interest charges are earned d. Ratio of liabilities to stockholders’ equity 2. Analyze and compare the two companies, using the information in (1).

Instructions: Your initial response should be no less than 250 words with at least one scholarly journal reference (dictionary-type websites are excluded). Reply to at least two of your classmates. Replies to classmates should be a minimum of 100 words and include direct questions. In-text citations and references must be in APA format. Refer to the Forum Grading Rubric below for additional guidelines.

Replies to Classmates Due: Sunday by 11:55 pm ET

Make sure you are using credible sources in your discussions and assignments. Scholarly journals are the preferred source of credible/quality references. These consist of peer-reviewed articles published in academic journals related to the field, which are found via our Library. Websites such as Investopedia, ask.com, answers.com, or dictionary-type of websites limit the insight to the topics. Wikipedia is not acceptable as it is not a reliable, credible source of reference. The purpose is to bring in new information and how does it apply to our topic from a real-world perspective, instead of extending on definitions that are found in the book. More information what a credible source consists of can be found here: http://writingcommons.org/evidence/supporting-sources/630-what-might-be-a-more-credible-reliable-source