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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 11
Hilton and Marriott: Times interest earned
Hilton Worldwide Holdings, Inc. and Marriott International, Inc. are two of the largest hotel operators in the world. Selected financial information from recent income statements for both companies follows (in millions):
A. Compute the times interest earned ratio for each company.(Round to one decimal place.)
B. Which company appears to better protect creditor interest? Why.
Hilton Worldwide Holdings, Inc. and Marriott International, Inc. are two of the largest hotel operators in the world. Selected financial information from recent income statements for both companies follows (in millions):
A. Compute the times interest earned ratio for each company.(Round to one decimal place.)
B. Which company appears to better protect creditor interest? Why.
Explanation
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Times Interest earned: It measures the i...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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