The
following balance sheet information (in $ millions) comes from the Annual
Report to Shareholders of Marriott International Inc. for the 2008 fiscal year.
(Certain amount 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 = 0.407422
Debt-to-equity
ratio = 5.4514493
Compute the
missing amounts (rounded to the nearest $ in millions) in the Marriott balance
sheet.
Assets
Current assets
Current assets
Cash and
equivalents $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 receivables, net 988)
Other 1,173)
Total
non-current assets ? Total assets ? Liabilities and Shareholders’ Equity Current
liabilities Accounts payable $704 Accrued payroll and benefits 633 Other
payables and accruals 1,196 Total current liabilities 2,533 Long-term debt ?) Other
long-term liabilities 2,015) Total long-term liabilities ? Total liabilities ? Shareholders’
equity Class A common stock 5) Additional
paid-in capital 3,590) Retained earnings 3,565) Treasury stock and other
(5,780) Total shareholders’ equity 1,380 Total liabilities and shareholders’
equity $8,903
TUTORIAL PREVIEW
Debt
to equity ratio = Total Liabilities/ Shareholders’ equity = 5.4514493
Total
Liabilities or long term debt = 5.4514493
x 1,380
=
7,523
File name: Marriott International Inc.doc File type: .doc PRICE: $15
